Good morning everyone, here are the 5 topics that will move the market today:
• The most anticipated economic indicator of the week will be released this morning: US consumer inflation (CPI). The data comes one day after the release of the inflation figures for products (PPI), which came in below expectations.
• Asia-Pacific stock markets closed mostly higher, as the Reserve Bank of New Zealand cut its benchmark lending rates and Japanese Prime Minister Fumio Kishida announced he would step down in September.
• European markets are trading higher, while investors monitor inflation data from the US and the UK. UK inflation rose to 2.2% in July, slightly below the 2.3% forecast by the LSEG consensus, but back above the Bank of England's 2% target. • Oil prices are rising on an estimated drop in U.S. crude oil inventories, while the market is watching a possible escalation of the war in the Middle East, which could reduce global oil supplies.
• After months of negotiations, Finance Minister Fernando Haddad said that the Executive Branch and the National Congress have reached an agreement to vote on Wednesday (14) on the bill that outlines compensatory measures for the payroll tax relief for companies in 17 sectors of the economy.
*CURRENT DOLLAR RATE: R$5.44*