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MNI: GERMANY NOV FINAL MANUF PMI 43.0 (FLASH 43.2); OCT 43.0

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Nationwide Protests Over Weekend, BCB Focus Survey Due

BRAZIL
  • Central bank releases Focus survey, with analyst estimates for GDP, FX, inflation and Selic rate, on its website shortly. Last week, economists raised their estimates for Brazil's IPCA inflation index in 2021 to 8.45% from 8.35%.
    • Retail Sales figures due Wednesday will be followed by Friday's IPCA inflation data where the annual headline reading is expected to reach 10.33%.
  • With Brazil's presidential election one year away, tens of thousands of demonstrators marched on Saturday in Rio de Janeiro, Sao Paulo and dozens of other cities around the country to protest President Jair Bolsonaro, bringing the centre-left parties, trade unions and social movements together.
    • There were repeated calls for his impeachment over his government's handling of the pandemic as well as continued discontent regarding fuel prices.
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