This week, significant attention is centered on Brazils 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, Brazils 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 governments 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 governments revenue collection, expected to reach R$ 204.9 ($37) billion, will be reported this week, according to Itas forecasts.Weekly Economic Agenda for Brazil and Beyond.
(Photo Internet reproductioin)Corporate Agenda HighlightsCorporate 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 companys 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 MarketIn 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 IndicatorsThe 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 AgendaBraslia Standard Time (BRT), is UTC-3.Sunday, July 2110:15 PM China: Loan Prime Rate AnnouncementMonday, July 228:25 AM Brazil: BCB Focus Report10:00 AM Brazil: Construction Industry Survey3:00 PM Brazil: Trade Balance9:30 AM USA: Fed National Activity Index (June)Tuesday, July 2311:00 AM USA: Existing Home Sales (Monthly)8:00 AM Brazil: Weekly IPC-S Index11:00 AM Eurozone: Preliminary Consumer Confidence (July)9:30 PM Japan: Preliminary Industrial PMIWednesday, July 248:00 AM Brazil: Entrepreneurial Confidence Index2:30 PM Brazil: Weekly Currency Flow4:30 AM Germany: Preliminary Composite PMI5:00 AM Eurozone: Preliminary Composite PMI5:30 AM UK: Preliminary Composite PMI9:00 AM Mexico: Biweekly Consumer Price Index9:30 AM USA: Trade Balance and Preliminary Composite PMI (June/July)Thursday, July 255:00 AM Brazil: Weekly IPC8:00 AM Brazil: Consumer Survey8:30 AM Brazil: Press Notes on External Sector IDP and Current Transactions5:00 AM Germany: IFO Economic Sentiment Survey9:30 AM USA: Preliminary GDP (2Q), Weekly Unemployment ClaimsFriday, July 268:00 AM Brazil: INCC-M, Construction Survey8:30 AM Brazil: Press Note on Monetary Policy and Credit Operations9:30 AM USA: Personal Spending, Income, PCE Price Index, University of Michigan Confidence IndexUndatedBrazil: Tax and Contributions CollectionGermany: Retail Sales