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Economy And The Numbers

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Ibovespa, the benchmark stock market index in Brazil, fell 2.26% to 80,867.29 points Wednesday - the lowest settlement level since February 9 - weighed by a decline in Petrobras shares (PETR3 -4.53%). The company is under pressure to modify its fuel pricing policy, and traders believe that any change...

Colcap, the benchmark stock market index in Colombia, fell 0.11% to 1,370.05 points Wednesday, after WTI oil prices moved lower and hit Ecopetrol, a heavy-weight index constituent, according to Marcela Ramirez, an analyst at Acciones & Valores. The company's shares ended 2.73% lower. Avianca shares...

Merval, the benchmark stock market index in Argentina, fell 2.13% to 30,329.46 points Wednesday after central bank governor Federico Sturzenegger dismissed a swift monetary policy normalization and a quick fix to the country's inflation. "I understand that many of you are bothered by the current...

newzealandcpi-071510.jpg New Zealand posted a merchandise trade surplus of NZ$263 million in April, Statistics New Zealand said on Thursday - representing 5.2 percent on exports. That exceeded forecasts for a NZ$198 million surplus following the NZ$156 million deficit in March. Exports were up 7.3 percent to NZ$5.05 billion,...

Crude steel output in Argentina rose 26% in April from a year before, to 463 thousand tons, but fell 2.3% compared to March, according to the Cimara Argentina del Acero, an industry association. "The construction [sector] is starting to show signs of delays in the confirmation of orders" and the automakers...

The Argentinean government declared an agricultural emergency in several areas of the drought-hit Cordoba province. The decision creates temporary benefits to local producers - tax breaks among them. The emergency will stay in place for six months for agricultural producers that were affected during...

The Colombian industrial confidence index rose to +2.0% in April, from -8.5% in the same month of 2017, according to Fedesarrollo. Compared to March 2018, the index rose 340 basis points, in seasonally-adjusted data. The annual increase in the industrial sector confidence reflects rising orders and...

New Zealand had a merchandise trade surplus of NZ$263 million in April, Statistics New Zealand said on Thursday. That exceeded forecasts for a NZ$198 million surplus following the NZ$156 million deficit in March. Exports were up 7.3 percent to NZ$5.05 billion, also topping expectations for NZ$4.85...

The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The central bank is widely expected to keep its benchmark lending rate unchanged at 1.50 percent. New Zealand will...

The Federal Reserve continues to project two more rate hikes are on the way this year with three more on the way for 2019, according to the minutes of their most recent meeting. There was no interest rate hike at the May meeting, but policy makers debated the threat of inflation and acknowledged trade-related...

Brazil posted a net foreign-exchange inflow of US$ 314 million this month until May 18, with a trade surplus of US$ 4.148 billion and a net financial outflow of US$ 3.834 billion, according to central bank data. The trade surplus is a result of US$ 11.650 billion in exports and US$ 7.502 billion in...

The one-day interbank deposit futures rates (DI rates) in Brazil opened lower, reacting to a lower-than-expected mid-month inflation rate. The January 2019 DI contract rate fell to 6.570% in the start of the session, from 6.590% Tuesday, while the January 2020 DI rate decreased to 7.46%, from 7.52%....

The Brazilian annual mid-month inflation reached 2.70% in May, while analysts expected a 2.83% reading, according to data from the country's statistics office (IBGE). On a monthly comparison, the mid-month inflation fell to 0.14% in May, from 0.21% in April, also missing market estimates of a 0.27% rate.

Brazilian consumer confidence index fell 2.5 points in May from a month before, to 86.9 points - the lowest level since October 2017 - according to Fundallo Getulio Vargas. Data showed that consumers are satisfied with current economic conditions, but worried about the future. "Consumer confidence...

The end of Cide-Combustiveis, one of the federal taxes on fuels, will apply only to diesel oil and must be offset by the end of a payroll tax relief, said the Brazilian Finance Minister, Eduardo Guardia. His remarks differ from the information provided by the Brazilian House of Representatives speaker,...

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