BRAZIL: Ibovespa Falls Tracking External Scenario And Commodities Prices

After closing the last two trading sessions near stability, the Ibovespa fell by 0.53% Thursday, settling at 75,604.34 points in the face of a worsening of the external scenario and tracking commodities losses abroad, which led some investors into a …

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ARGENTINA: Unemployment Rate Falls 0.5 Pp In 2Q17, To 8.7%

Argentina’s unemployment rate fell by 0.5 percentage point (pp), to 8.7% of the economically active population, in the second quarter of the year when compared to the immediately previous quarter, said the country’s statistics office, known as Indec….

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COLOMBIA: Congress Committee Approves Budget Bill For 2018

The economic committee of the Colombian Congress passed in a first vote the budget bill 2018, adjusted at 235.6 trillion Colombian pesos (US$ 80.8 billion).

The most significant change that occurred in the committee was a 5.5 trillion Colombian peso…

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Pacific Alliance: Bloc Signs Cooperation Agreement With Spain

The Pacific Alliance and the Spanish government signed a joint declaration to promote cooperation on trade, education, development of micro, small and medium enterprises, and innovation, science and technology.

Through the agreement, the regional bl…

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ARGENTINA: GDP Estimate Up 2.7% In 2Q17 An Annual Basis

The provisional estimate for Argentina’s Gross Domestic Product (GDP) in the second quarter of 2017 showed a 2.7% increase when compared to the same period of 2016. Over the previous quarter, the Argentinean GDP increased by 0.7%, said the country’s …

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Prime News: Eurozone Yields Jump after Fed Signals Rate Hike

German bond yields rose to their highest since early August after U.S. central bank policymakers indicated that they see another interest rate hike this year and also announced a start of the “Great Unwinding” of a decade of aggressive stimulus.

The U.S. Federal Reserve said it will start in October to trim its $4.2 trillion in holdings of U.S. Treasury bonds and mortgage-backed securities acquired in the years following the 2008 financial crisis.

The Fed’s announcement caused the yield on two-year Treasuries to its highest since November 2008, and those on 10-year debt notched a six-week peak of 2.89 percent. Euro zone government bond yields also rose, increasing around 3-5 bps across the board.

The yield on Germany’s 10-year government bond increased to 0.50 percent, its highest since early August. It retreated by late trade to nearly 0.45 percent, still higher by almost two bps on the day.

The gap between U.S. and German 10-year borrowing costs expanded to 184 bps on Wednesday, before tightening on Thursday.

Spain sold 4.7 billion euros of bonds on Thursday against a backdrop of political tensions between Madrid and Catalonia. Spanish government bonds moved almost in line with peers, the 10-year yield increasing four bps to top 1.50 percent.

Greek bond yields climbed four bps to 5.56 percent after a report that Athens was considering swapping 20 small bond issues for four or five new ones as it braces for its exit in its international bailout.

The material has been provided by InstaForex Company – www.instaforex.com

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BRAZIL: Temer Says He Has 'no Concern' About Criminal Complaints Against Him

Brazil’s President Michel Temer said in an interview with Reuters news agency that he does not have the “minimum” of concern about allegations of corruption against him and blames the “radical” opposition for the criminal complaints. “It’s a radical …

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Prime News: Bank of Japan Keeps Policy Steady

Japan’s central bank chose to hold interest rates steady as a dovish new board member dissented in favour of further monetary easing.

The Bank of Japan said overnight interest rates will remain at 0.1 percent, that 10-year bond yields will be capped at around zero percent while the central bank will continue to purchase assets at almost ¥80 trillion a year.

New board member Goshi Kataoka voted for more stimulus as the current policy was not loose enough to reach the central bank’s two percent inflation target. Kataoka argued that there was little chance of meeting the BOJ’s inflation target by the projected time frame of around fiscal 2019, according to the central bank’s policy statement.

The central bank said the consumer price index is “likely to continue on an uptrend and increase toward two percent.” The CPI currently is at almost 0.5 percent.

The BoJ said that the country’s economy is “expanding moderately” as “exports have been on an increasing trend”. It noted that the Japanese economy is “likely to continue its moderate expansion”.

BOJ watchers increasingly expect the central bank to stay on track at least through the end of Governor Haruhiko Kuroda’s current term in April, even as the balance sheet nears the size of Japan’s economy.

The material has been provided by InstaForex Company – www.instaforex.com

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ARGENTINA: Consumer Confidence Rises 7.2% In September – Survey

The Consumer Confidence Index in Argentina increased by 7.2% in September compared to August, according to a survey conducted by Torcuato Di Tella University’s Center for Research in Finance. In the year-on-year comparison, the index increased by 19….

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BRAZIL: Inflation Expectation By Year-end Cut To 3.2% – Central Bank

The Brazilian central bank’s Quarterly Inflation Report presents revised projections for inflation decelerating in 2017 and 2018, suggesting that the monetary authority still has room to lower interest rates.

In the central bank’s reference scenario…

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