The agenda for the next few days is packed with important indicators for international markets. But investors’ attention is turning to the decision on interest rates in Brazil, with a new Copom meeting scheduled for Wednesday (19).
At the last Cobom meeting, the group had cut rates by 0.25 percentage points to 10.5% for the year.
However, BC hasn’t agreed on a new cut, which would mean keeping interest rates at their current levels – for who knows how long.
Apart from Copom, after Ibovespa ended the week in the red, local investors’ attention turned to Focus Bulletin.
This is because it will be the first edition of the central bank’s weekly report after several moves by the government around fiscal targets. The market did not digest President Luiz Inacio Lula da Silva’s speeches on the future of public accounts.
Finance Minister Fernando Haddad, Planning Minister Simone Tebet and Vice President Geraldo Alcmin tried to calm the situation, but it was not enough.
Now, the focus bulletin will show the market its perception of the extent of the decline in expectations, which include interest rates and inflation, in the coming years.
Also, the international highlight is the Juneteenth holiday in the US on Wednesday, which keeps markets closed and reduces liquidity in international stock markets.
The international agenda begins with a look at China
The week starts off busy in China with the release of various data on Sunday night: fixed assets, industrial production, retail sales and the unemployment rate, as well as investments relative to May.
These indicators provide signals for investors to understand the economic health of the world’s second largest economy.
On Tuesday, attention turns to Europe. Germany and the eurozone release ZEW economic sentiment indices for June, in addition to the May eurozone consumer price index (CPI).
In the United States, the day is marked by retail sales and industrial production in May, as well as speeches by members of the Fomc, the US Copom, which will influence expectations about monetary policy.
Watch for these and other events next week. All times from Brasilia:
Monday (17)
| bell | Country | event |
| (Sunday) 23:00 | China | Investment in fixed assets in May |
| (Sunday) 23:01 | China | Industrial production in May |
| (Sunday) 11:02 p.m | China | Retail sales in May |
| (Sunday) 23:03 | China | Unemployment Rate in China (May) |
| 07:00 | Euro zone | Eurogroup meeting |
| 08:00 | Brazil | IGP-10 Jun |
| 08:25 | Brazil | Weekly Focus Newsletter |
| 2:00 p.m | to us | Fomc, North American COBOM member Patrick D. Harker’s text |
| 9:30 p.m | to us | Speech by Federal Reserve Governor Lisa T. Cook |
Tuesday (18)
| bell | Country | event |
| 06:00 | Germany | Zew Economic Sentiment Index for June |
| 06:00 | Euro zone | Consumer Price Index (CPI) for May. |
| 06:00 | Euro zone | Zew Economic Sentiment Index for June |
| 07:00 | Euro zone | Eurogroup meeting |
| 09:30 | to us | Retail sales in May |
| 10:15 am | to us | Industrial production in May |
| 11:00 p.m | to us | Text by Thomas Park, Fomc, Member of North American Cobom |
| 5:30 p.m | to us | API Weekly Crude Oil Stocks |
| 8:50 p.m | Japan | Minutes of the most recent monetary policy meeting |
| 8:50 p.m | Japan | Trade balance will increase |
Wednesday (19)
| bell | Country | event |
| throughout the day | to us | Juneteenth keeps the holiday markets closed |
| 03:00 | UK | Consumer Price Index (CPI) for May. |
| 03:00 | UK | Producer Price Index (PPI) for May. |
| 04:00 | Euro zone | A non-European Central Bank (ECB) monetary policy meeting |
| 4:00 p.m | Argentina | May have trade balance |
| 4:00 p.m | Argentina | Unemployment rate in the first half |
| 6:00 p.m | Brazil | Cobom interest rate decision |
| 10:15 p.m | China | BPC Preferential Lending Rate in June |
Thursday (20)
| bell | Country | event |
| throughout the day | Argentina | General D. The holiday of the death of Manuel Belgrano |
| 03:00 | Germany | Producer Price Index (PPI) for May. |
| 05:00 | Euro zone | ECB Monthly Report |
| 07:00 | Euro zone | Eurogroup meeting |
| 08:00 | UK | Interest rate decision in June |
| 09:30 | to us | Continuous claims for unemployment insurance |
| 5:00 p.m. | to us | Text by Thomas Park |
| 8:30 p.m | Japan | Consumer Price Index (CPI) for May. |
| 9:30 p.m | Japan | Industry and Services PMI for June |
Friday (21)
| bell | Country | event |
| 03:00 | UK | Retail sales in May |
| 04:30 | Germany | Composite, Industrial and Services PMI for June |
| 05:00 | Euro zone | Composite, Industrial and Services PMI for June |
| 05:30 | UK | Composite, Industrial and Services PMI for June |
| 07:00 | Euro zone | Eurogroup meeting |
| 10:30 am | Brazil | Central tax revenue |
| 10:45 am | to us | Composite, Industrial and Services PMI for June |
*This text was supported by artificial intelligence tools.
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