Topic

Brazil's inflation

Brazil's Lula says inflation targets too 'rigid'

Published 29 Jun, 2023 06:47pm

SAO PAULO: Brazilian President Luiz Inacio Lula da Silva said on Thursday the country's inflation targets were...

Brazil govt debt falls to 84.5% of GDP in May, lowest in almost a year

Published 30 Jun, 2021 06:53pm

Government debt fell to 84.5% of gross domestic product in May, central bank figures showed, the lowest since July 2020 and down from 85.6% the month before.

Brazil central bank ups 2021 GDP growth forecast to 4.6pc

Published 24 Jun, 2021 06:12pm

The 4.6% gross domestic product growth forecast for this year is closer to the market consensus of 5.0% in the central bank's latest weekly 'FOCUS' survey of around 100 economists.

Brazil central bank discussed more aggressive rate hike at last policy meeting: minutes

Published 22 Jun, 2021 05:36pm

"The Committee evaluated a quicker reduction of monetary stimulus already on this meeting," the minutes read.
"The Committee decided that the best strategy would be to maintain the current pace of stimulus reduction but highlighting the possibility of a quicker adjustment in the next meeting."

Brazil's GDP rises 1.2pc in first quarter, back to pre-pandemic level

Published 01 Jun, 2021 07:12pm

The 1.2% rate of expansion from the previous three months was more than the median forecast in a Reuters poll of economists for 1.0% growth.
Industry expanded by 0.7%, the dominant services sector grew 0.4%, and fixed business investment rose 4.6% in the quarter, IBGE said.

Brazil current account deficit shrinks to 0.84pc of GDP, narrowest in 13 years

Published 26 May, 2021 08:40pm

Brazil posted a $5.7 billion current account surplus in April, the central bank said, less than the $6.2 billion median forecast in a Reuters poll of economists.
That was largely thanks to a record goods trade surplus of $9.1 billion. Exports surged 50.7% from the same month last year, outstripping a 36.6% jump in imports.

Brazil industrial output falls in March for second month, but less than expected

Published 05 May, 2021 06:14pm

The 2.4% fall in industrial output in March was less than the median estimate in a Reuters poll of economists for a 3.5% decline, although February's figure was revised lower to a 1.0% fall.
Fifteen of the 26 sectors surveyed saw a decline in production on the month, including a 14.1% fall in clothing output, IBGE said.

Brazil manufacturing PMI falls to 10-month low in April

Published 03 May, 2021 06:47pm

The headline PMI fell to 52.3 in April from 52.8 in March, the lowest since last June.
A reading above 50.0 marks expansion, while a reading below signifies contraction. The series was launched in 2006.

Brazil's 2022 inflation outlook above official goal for first time, survey shows

Published 19 Apr, 2021 05:41pm

The median forecast for 2022 inflation from over 100 economists in the central bank's weekly "FOCUS" survey rose to 3.6% from 3.5%. The central bank's year-end goal is 3.5%, with a 1.5 percentage-point margin of error on either side.
The 2021 median inflation forecast remained steady at 4.9%, still well above the central bank's goal of 3.75%.

Brazil's central bank sells $3bn in three spot dollar auctions with repo agreement

Published 25 Mar, 2021 08:02pm

The repurchase settlements will be on April 16, June 2 and Sept. 2. Last Friday, the central bank sold $1.75 billion in two spot market auctions with repurchase agreements, rolling over previous repos due to expire on April 5.

Brazil's real slides over 1pc; oil weighs on Colombian peso

Updated 15 Mar, 2021 09:24pm

The real fell 1.3% too 5.629 per dollar after gaining 2.5% last week. On the year, the currency is one of the worst-performing among emerging market peers, down nearly 8% compared with a 0.6% slip in the broader EM index .
"The currency is over 20% cheap in real effective exchange rate terms," said JPMorgan strategists in a note.

Brazil's 2021 inflation outlook surges to 4.6pc, well beyond central bank target: survey

Published 15 Mar, 2021 05:54pm

It was the tenth rise in a row, and was accompanied by a further increase in the average forecast for official interest rates at the end of this year, by 50 basis points to 4.50%.
The central bank's official goal this year is 3.75%, with a margin of error of 1.5 percentage point on either side.

Brazil's 2021 inflation seen at 4.0pc, next year's rate outlook also rises: survey

Updated 08 Mar, 2021 10:19pm

The average forecast for IPCA consumer price inflation at the end of this year rose from 3.9% a week ago, according to the latest weekly "FOCUS" survey of over 100 economists, rising further above the central bank's official goal of 3.75%.
A persistently weak exchange rate, strong global commodity prices and growing concerns over the government's fiscal position are all pushing inflation expectations higher.

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 20	278.15
USD PKR Interbank Buying / Jul 20	277.95
USD to Japanese Yen / Jul 21	162.52
USD to Swiss Franc / Jul 21	0.81
Pound Sterling to USD / Jul 21	1.34
Euro to USD / Jul 21	1.14
SOFR % / Jul 20	3.62

Stock	Volume
S&P 500 / Jul 20	7,443.28
Nasdaq / Jul 20	25,508.07
Dow Jones / Jul 20	51,839.26
India Sensex / Jul 21	77,478.67
Tokyo Nikkei / Jul 21	65,077.32
Hang Seng / Jul 21	25,036.86
FTSE 100 / Jul 21	10,506.59
Germany DAX 30 / Jul 21	24,879.67
France CAC40 / Jul 21	8,348.97

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 20	18,880
Gold 10 Grams PKR / Jul 20	363,971
Petrol/Litre / Jul 21	316.15
Crude Oil USD/Barrel / Jul 21	82.50
Gold Spot USD/Ounce / Jul 21	4,050.88
Diesel/Litre / Jul 21	354.35
Cotton US¢/pound / Jul 21	79.38

Gainers
Losers
Leaders

Stock	Price
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	2.39 ▲ 0.24 (11.16%)
Invest Capital Invest Bank / Jul 21 Invest Capital Investment Bank Limited(ICIBL)	21.75 ▲ 1.98 (10.02%)
Crescent Cotton / Jul 21 Crescent Cotton Mills Limited(CCM)	64.96 ▲ 5.91 (10.01%)
First IBL Mod. / Jul 21 First IBL Modaraba(FIBLM)	15.27 ▲ 1.39 (10.01%)
Gammon Pak / Jul 21 Gammon Pakistan Limited(GAMON)	21.98 ▲ 2 (10.01%)
Ahmad Hassan / Jul 21 Ahmad Hassan Textile Mills Limited(AHTM)	110.23 ▲ 10.02 (10%)
Asia Ins. / Jul 21 Asia Insurance Company Limited(ASIC)	41.69 ▲ 3.79 (10%)
Biafo Ind. / Jul 21 Biafo Industries Limited(BIFO)	130.83 ▲ 11.89 (10%)
Dewan Farooque Sp. / Jul 21 Dewan Farooque Spinning Mills Limited(DFSM)	18.15 ▲ 1.65 (10%)
Husein Industries / Jul 21 Husein Industries Limited(HUSI)	60.50 ▲ 5.5 (10%)

Stock	Price
United Insurance / Jul 21 The United Insurance Company(UNIC)	12.68 ▼ -1.41 (-10.01%)
Baba Farid Sugar / Jul 21 Baba Farid Sugar Mills Limited(BAFS)	414.40 ▼ -46.02 (-10%)
Khairpur Sug. / Jul 21 Khairpur Sugar Mills Limited(KPUS)	1,515.89 ▼ -168.43 (-10%)
S.G.Power / Jul 21 S.G. Power Limited(SGPL)	79.05 ▼ -8.78 (-10%)
Shams Textile / Jul 21 Shams Textile Mills Limited(STML)	57.58 ▼ -6.4 (-10%)
Service Textile / Jul 21 Service Industries Textiles Limited(SERT)	50.44 ▼ -5.6 (-9.99%)
Pakistan Credit Rating Agency / Jul 21 The Pakistan Credit Rating Agency Ltd(GEMPACRA)	36 ▼ -3.62 (-9.14%)
Popular Islamic / Jul 21 Popular Islamic Modaraba(PIM)	22.90 ▼ -2.21 (-8.8%)
Frontier Ceramics / Jul 21 Frontier Ceramics Limited(FRCL)	98.02 ▼ -7.77 (-7.34%)
Azgard Nine (Non-Voti) / Jul 21 Azgard Nine (Non-Voti)(ANLNV)	7.71 ▼ -0.61 (-7.33%)

Stock	Volume
Cnergyico PK / Jul 21 Cnergyico PK Limited(CNERGY)	263,436,960 ▼ -0.69
Trust Sec.& Brok. / Jul 21 Trust Securities & Brokerage Limited(TSBL)	110,849,016 ▲ 0.24
TPL Properties / Jul 21 TPL Properties Limited(TPLP)	73,851,952 ▲ 0.89
Pak Refinery / Jul 21 Pakistan Refinery Limited(PRL)	58,224,946 ▲ 0
F. Nat.Equities / Jul 21 First National Equities Limited(FNEL)	26,116,799 ▲ 0.02
TPL Corp Ltd / Jul 21 TPL Corp Limited(TPL)	24,336,000 ▲ 0.97
WorldCall Telecom / Jul 21 Worldcall Telecom Limited(WTL)	22,413,148 ▲ 0.03
B.O.Punjab / Jul 21 The Bank of Punjab(BOP)	20,069,620 ▲ 0.41
K-Electric Ltd. / Jul 21 K-Electric Limited(KEL)	15,692,784 ▲ 0.14
Maple Leaf Cement / Jul 21 Maple Leaf Cement Factory Limited(MLCF)	13,608,067 ▼ -2.01

Brazil's inflation

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