Free Trial

June Economic Activity In Focus, Further Political Frictions Develop

BRAZIL
  • June economic activity data will be eyed after retail sales missed estimates earlier this week.
    • 1300BST/0800ET: June Economic Activity MoM, est. 0.55%, prior -0.43%
    • 1300BST/0800ET: June Economic Activity YoY, est. 8.90%, prior 14.21%
  • In another potential blow for the President, Brazilian Supreme Court Justice Alexandre Moraes on Thursday opened a probe into right-wing President Jair Bolsonaro for posting documents to social media from a sealed police investigation into the hacking of a federal election court.
    • Moraes ruled that Bolsonaro's posts must immediately be removed from social media and that the police officer leading the inquiry be removed.
  • Payment of the last three installments of Brazil's emergency aid will start to be paid in Aug. 18, Caixa Economica CEO Pedro Guimaraes said during an event with President Jair Bolsonaro in Brasilia. (Bloomberg)
    • Total amount to pay the installments is 20.27b reais, Citizenship Minister Joao Roma said
    • Govt to start payment of new Brazil Aid social program in November, Bolsonaro said

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.