This week, significant attention is centered on Brazil’s IPCA-15 inflation data, anticipated to show a slowdown.
Analysts expect a reduction in monthly inflation, primarily due to decreases in food and industrial goods prices. However, gasoline, airline fares, and electricity are likely to exhibit price increases.
In the next few days, Brazil’s economic agenda will feature the Bimonthly Revenue and Expenditure Assessment Report on Monday.
This report will provide details on the amounts and sources of the spending cuts recently proposed by the government’s economic team.
The Central Bank of Brazil will also release monthly external sector statistics on Thursday, followed by credit market data on Friday, reflecting figures for June.
Additionally, the government’s revenue collection, expected to reach R$ 204.9 ($37) billion, will be reported this week, according to Itaú’s forecasts.
Corporate Agenda Highlights
Corporate earnings announcements will intensify in the second week of the 2Q24 earnings season.
Key reports include Vale (VALE3) and Carrefour (CRFB3), alongside initial bank results starting with Santander (SANB11).
Embraer (EMBR3) is scheduled to participate in the Farnborough Air Show from July 22-26.
The company’s stock could be influenced by any announcements of new orders in the commercial and defense segments during the event.
US Economic Data: GDP, PCE, and Housing Market
In the US, the focus is on the second-quarter GDP and the Personal Consumption Expenditures (PCE) Price Index.
Economists project that the PCE deflator, scheduled for release on Friday, will rise by 0.14%, thus maintaining the annual inflation rate at 2.5%.
Furthermore, the GDP for the quarter is anticipated to reveal a 2.0% annualized growth rate, signaling a gradual economic slowdown.
Additionally, the upcoming real estate data will highlight the dynamics of the housing market and the purchasing capabilities of consumers.
Global Economic Indicators
The international economic calendar is less packed. Key releases include the S&P Global Composite PMI in Germany, the United Kingdom, and the Eurozone, along with both the Services and Industrial PMI for Europe.
Detailed Weekly Agenda
Brasília Standard Time (BRT), is UTC-3.
Sunday, July 21
- 10:15 PM China: Loan Prime Rate Announcement
Monday, July 22
- 8:25 AM Brazil: BCB Focus Report
- 10:00 AM Brazil: Construction Industry Survey
- 3:00 PM Brazil: Trade Balance
- 9:30 AM USA: Fed National Activity Index (June)
Tuesday, July 23
- 11:00 AM USA: Existing Home Sales (Monthly)
- 8:00 AM Brazil: Weekly IPC-S Index
- 11:00 AM Eurozone: Preliminary Consumer Confidence (July)
- 9:30 PM Japan: Preliminary Industrial PMI
Wednesday, July 24
- 8:00 AM Brazil: Entrepreneurial Confidence Index
- 2:30 PM Brazil: Weekly Currency Flow
- 4:30 AM Germany: Preliminary Composite PMI
- 5:00 AM Eurozone: Preliminary Composite PMI
- 5:30 AM UK: Preliminary Composite PMI
- 9:00 AM Mexico: Biweekly Consumer Price Index
- 9:30 AM USA: Trade Balance and Preliminary Composite PMI (June/July)
Thursday, July 25
- 5:00 AM Brazil: Weekly IPC
- 8:00 AM Brazil: Consumer Survey
- 8:30 AM Brazil: Press Notes on External Sector IDP and Current Transactions
- 5:00 AM Germany: IFO Economic Sentiment Survey
- 9:30 AM USA: Preliminary GDP (2Q), Weekly Unemployment Claims
Friday, July 26
- 8:00 AM Brazil: INCC-M, Construction Survey
- 8:30 AM Brazil: Press Note on Monetary Policy and Credit Operations
- 9:30 AM USA: Personal Spending, Income, PCE Price Index, University of Michigan Confidence Index
Undated
- Brazil: Tax and Contributions Collection
- Germany: Retail Sales
More: Brazil news in English, every day from The Rio Times.
Live Market IntelligenceBrazil — Live Market Board
Rio Times · Live Market Intelligence
Brazil — Live Market Board
+0.66%
172,457.76
+0.66%
71,610.23
-0.28%
10,660.94
+0.34%
2,848,945
—
2,452.46
-0.02%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 172,457.76 | +0.66% | +9.73% | 171,324.31 | 172,715 | 171,132 | — |
| USD/BRL | 5.67 | +0.45% | +7.09% | 5.64 | 5.67 | 5.63 | — |
| SELIC | 13.75% | — | — | — | — | — | |
| PETR4 | 45.30 | +1.34% | +39.43% | 44.70 | 45.44 | 44.62 | 23,431,200 |
| VALE3 | 63.50 | -0.70% | -3.30% | 63.95 | 64.24 | 63.12 | 11,175,700 |
| ITUB4 | 42.27 | +1.42% | +7.66% | 41.68 | 42.56 | 41.62 | 19,532,400 |
| BBDC4 | 14.52 | +1.40% | -25.46% | 14.32 | 14.54 | 14.27 | 32,353,600 |
| BBAS3 | 15.10 | -2.45% | -32.89% | 15.48 | 15.60 | 14.98 | 85,573,900 |
| B3SA3 | 14.89 | +0.88% | +2.90% | 14.76 | 14.94 | 14.53 | 34,792,900 |
| ABEV3 | 15.79 | +0.25% | +15.85% | 15.75 | 15.83 | 15.64 | 13,254,800 |
| WEGE3 | 51.31 | -0.66% | +14.48% | 51.65 | 52.05 | 50.93 | 7,741,000 |
| PRIO3 | 63.30 | +0.00% | +58.93% | 63.30 | 63.83 | 62.65 | 10,460,300 |
| SUZB3 | 54.77 | -2.27% | +14.92% | 56.04 | 55.98 | 54.66 | 3,845,300 |
| RENT3 | 30.07 | +1.66% | -28.47% | 29.58 | 30.35 | 29.58 | 7,599,300 |
| AZZA3 | 15.91 | -5.86% | -45.85% | 16.90 | 17.10 | 15.72 | 6,641,600 |
| CSNA3 | 3.72 | -12.06% | -56.79% | 4.23 | 4.14 | 3.71 | 54,060,600 |
| GGBR4 | 24.73 | -0.96% | +30.78% | 24.97 | 25.09 | 24.53 | 5,458,200 |
| ENEV3 | 26.81 | -0.70% | +38.98% | 27.00 | 27.09 | 26.64 | 5,990,500 |
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error
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