Free Trial

Lower House Approves New Fiscal Framework Proposal, April Federal Debt

BRAZIL
  • Brazil’s lower house of congress on Tuesday approved its version of the government’s new fiscal framework proposal, President Lula’s main legislative priority. The main text of the proposal passed with 372 votes in favour and 108 votes against. Amendments that can change the main text are expected to go to a vote before the proposal moves on to the Senate.
  • The treasury will release monthly public debt report for April at 1830BST/1330ET. Country reported a total debt of 5.89t reais in March. Mid-May IPCA inflation data will cross tomorrow where annual inflation is expected to tick slightly higher to 4.21% from 4.18% in the full April read.
  • Potentially weighing on BRL - Iron ore futures in Singapore fell for a fifth day, extending declines below $100 a ton as investors brace for the typical demand lull during China’s summer after a disappointing peak construction season.

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.