This week focuses on key global economic events, including Brazil’s first inflation data of 2024 with the IPCA-15 index.
Additionally, President Luiz Inácio Lula da Silva’s recent meeting with China’s Foreign Affairs Minister Wang Yi underscored Brazil’s commitment to the ‘One China’ policy.
This meeting is crucial in the lead-up to Chinese President Xi Jinping’s state visit to Brazil, coinciding with the G20 summit in Rio de Janeiro.
Friday will be significant with the release of the IPCA-15 index for January. Estimates suggest a 0.46% increase.
This reflects changes in food prices and industrial costs. The yearly rate is expected to decrease slightly compared to December.
The week starts with the Monitor do PIB from Fundação Getúlio Vargas (FGV), Focus report data, and Brazil’s trade balance.
FGV will also release consumer price data, the Central Bank will share weekly foreign exchange flow data, and the National Confederation of Industry (CNI) will present industrial survey findings.
Towards the week’s end, FGV will announce January’s National Civil Construction Cost Index (INCC-M) and construction survey data.
The Central Bank will issue a statement on monetary policy and credit operations.
Internationally, key economic data releases include the US GDP for the fourth quarter and personal income data.
There is an anticipation of a 1.9% growth in US GDP. Additionally, Europe awaits the European Central Bank’s interest rate decision, expected to hold at 4.50%.
Germany will report on its economic sentiment, and the Eurozone will present consumer confidence figures.
These events are crucial for understanding Brazil’s current economic climate and position in the global market.
For more detailed information and updates, it’s advisable to refer to financial news sources throughout the week.