CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Mid-Month IPCA Inflation In Focus As Copom Decision Looms

BRAZIL
  • Headline data in the region today will be the Brazilian Mid-October reading of IPCA inflation. The annual reading is expected to print once again above 10%. Following the sharply revised inflation expectations yesterday within the BCB survey, both market pricing and analysts forecasts now predict a 150bps hike to the Selic rate as the most likely outcome from Wednesday's Copom meeting.
  • Additionally, September formal job creation and tax collections will be released.
  • USDBRL is hovering between the recently breached key level of 5.48 and a touted technical resistance area beginning at 5.75.
    • 1300BST/0800ET: Oct. IBGE Inflation IPCA-15 YoY, est. 10.11%, prior 10.05%
    • 1300BST/0800ET: Oct. IBGE Inflation IPCA-15 MoM, est. 1.00%, prior 1.14%
    • 1400BST/0900ET: Sept. Formal Job Creation Total, est. 355,000, prior 372,265
    • 1930BST/1430ET: Sept. Tax Collections, est. 147.6b, prior 146.5b
    • Treasury auctions of inflation-linked NTN-B local notes due 2024, 2028 and 2040
  • In local news: media reports on studies for the privatization of Petrobras yesterday were misleading, Brazilian Senator Fernando Bezerra Coelho, the govt whip, said in an interview. (Bloomberg)
    • Once the privatization of the postal service is approved, then we will have the opportunity to build a proposal for Petrobras, with its own concepts, Bezerra said, adding studies are currently underway at the Economy Ministry.
    • Senator also stressed that both the "timing and content" of the proposal have not yet been defined by the govt.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.