Brazil government sees need to block BRL 1.6bln in spending to meet 2026 spending cap; sees net revenue of BRL 2.577tln in 2026, primary spending of BRL 2.637tln, and primary budget balance of BRL -58.8bln
Every headline is on the live feed 20 minutes before this site.
OpenAI set to discontinue Sora video platform APP, WSJ reports
US FX WRAP: USD supported by crude rebound and upside in yields
Brazil government sees need to block BRL 1.6bln in spending to meet 2026 spending cap; sees net revenue of BRL 2.577tln in 2026, primary spending of BRL 2.637tln, and primary budget balance of BRL -58.8bln
TREASURY WRAP: T-NOTE FUTURES (M6) SETTLE 16 TICKS LOWER AT 110-13+
Roughly 15% of TotalEnergies (TTE FP) production is offline, as the war with Iran nears the one-month mark, but surging oil prices have more than made up for the lost barrels, chairman and CEO Patrick Pouyanné told CNBC in an exclusive interview.
On the Newsquawk feed at , 20 minutes before this page.
Context
The Brazilian government's announcement regarding a BRL 1.6 billion spending block underscores its commitment to fiscal discipline ahead of the 2026 budget cap. With projected net revenues of BRL 2.577 trillion against primary spending of BRL 2.637 trillion, this indicates a significant primary budget deficit, suggesting pressures on the country's fiscal health. Investors may need to reassess risk in Brazilian assets, particularly if such deficits complicate monetary policy or elevate concerns about sovereign creditworthiness.
Related headlines
- Brazil's Bolsonaro is seen with 45.6% of votes vs Lula's 44.5% in the Presidential runoff, according to a CNT/MDA poll1 day ago
- Brazilian Retail Sales (Aug MM) 0.1% vs. Exp. 0.7% (Prev. -0.8%)2 days ago
- Brazilian Retail Sales (Aug YY) 0.4% vs. Exp. 1.5% (Prev. 1.2%)2 days ago
- US Market Wrap: Stocks recover from recent weakness as AI concerns ease2 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 21 TICKS HIGHER AT 105-172 days ago
- Brazil's Finance Minister Durian says CPI is under control, but high rates are still a problem; Brazil interest rates need to come down1 day ago
- Meta (META) employees acknowleged in internal communication that President Lula's accounts were affected by restrictions during the Brazil election, according to Folha1 day ago
- MSCI implements a freeze on MSCI Turkey Indexes and consults on proposal to reclassify Indonesia from Emerging Market to Standalone Market Status2 days ago
- Brazilian IBC-BR Economic Activity (Aug) 0.30% vs. Exp. 0.3% (Prev. -0.20%)1 day ago
- Week in Focus 19-23rd October 2026: Highlights include UK, Japan and Canada inflation, China Activity Data and Global Flash PMIs 1 day ago
- US Market Wrap: Stocks hit as AI growth concerns weigh on sentiment 1 day ago
- US FX WRAP: Dollar weighed by Warsh avoiding forward guidance 1 day ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 2+ TICKS LOWER AT 105-14+1 day ago
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call1 day ago
- US EQUITY OPEN: Stocks mixed at the open as AI stock rout continues1 day ago
- Newsquawk European Market Wrap - 16th October 20261 day ago
- Newsquawk Daily Economic Releases - 19th October 20261 day ago
- Newsquawk Weekly Economic Calendar - 19th-23rd October 20261 day ago
- Newsquawk Daily US Opening News - 16th October 20261 day ago
- European HICP Final (Sep) 104.31 vs. Exp. 104.30 (Prev. 103.69)1 day ago
The feed had this first.
Use the Platform