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Retail Sales Data For April Due

BRAZIL
  • National statistics agency IBGE releases the latest retail sales report at 1300BST/0800ET.
    • Retail sales volume probably rose by 0.3% in April on a monthly basis, according to the median of estimates gathered in a Bloomberg survey, after growing 1% in prior reading. The index is expected to rise 2.5% from a year earlier.
  • Economy Minister Asks Brazilian Supermarkets to Hold Prices Until 2023 (BBG)
  • Brazilian businessmen need to understand that it is necessary to break the inflationary chain, said Economy Minister Paulo Guedes, after asking supermarkets to hold prices until 2023, alongside President Jair Bolsonaro during a virtual event. (Bloomberg)
    • Bolsonaro asked supermarkets to reduce their profit margin on food staples.
    • President wants a price truce, Guedes said.
    • Government and supermarkets must be together in the price war, minister added.

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