Stronger-than-expected support for Brazil's President Jair Bolsonaro in the first round of a presidential election may provide a boost for Brazilian financial markets on Monday, said bankers and analysts, as the race went to an Oct. 30 runoff. Bolsonaro's leftist challenger, former President Luiz Inacio Lula da Silva, fell short of clinching victory in the first round of voting on Sunday.
Brazil's government debt as a share of gross domestic product fell to 77.5% in August, from 78.2% in July, central bank data showed on Friday. The Brazilian public sector recorded a primary deficit of 30.279 billion reais for the month, bigger than the 28.75 billion reais deficit expected by economists polled by Reuters.
A leftist former union leader is on track to replace Brazil's right-wing president and tear up the most important fiscal rule in the world's 10th largest economy, but foreign investors are largely unfazed.
* * Bank of Mexico signals more possible rate hikes. * Chile expected to raise rate next month by 75 basis points. * Brazil, Peru eyes pauses for rate-hiking cycles. By Brendan O'Boyle and Nelson Bocanegra.
Brazil's central bank expects to hit its inflation target based on calculations, including a market forecast for interest rate cuts beginning next June, central bank chief Roberto Campos Neto said on Thursday.
The Brazilian market is ready to welcome more agribusiness companies on the stock market, a sector underrepresented on the local bourse based on the size of the industry relative to Brazil's GDP, Marino Colpo, chief executive of listed seeds producer Boa Safra, said on Thursday.
Brazil created more formal jobs than expected in August, official data showed on Thursday, continuing a sequence of positive data that has been fueling the economy. According to Labor Ministry figures, the net gain reached 278,639 formal jobs in August, above the expected 268,700 in a Reuters poll with economists.
Brazil created more formal jobs than expected in August, official data showed on Thursday, continuing a sequence of positive data that has been fueling the economy. According to Labor Ministry figures, the net gain reached 278,639 formal jobs in August, above the expected 268,700 in a Reuters poll with economists.
Brazil created a net 278,639 formal jobs in August, Labor Ministry figures showed on Thursday. The result came above the expected 268,700 job creation in a Reuters poll of economists.
Brazil's central bank improved its economic growth outlook for 2022 to 2.7% from 1.7% seen in June, according to its quarterly inflation report on Thursday. The central bank also predicted that Latin America's largest economy will expand by 1.0% in 2023.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required