Brazilian Industrial Production YoY (Jan) Y/Y 0.2% vs. Exp. -0.7% (Prev. 0.4%)
The Brazilian industrial production data for January shows a year-on-year increase of 0.2%, significantly beating expectations of a 0.7% decline.
EU's von der Leyen and Costa to speak with Gulf leaders on Monday; EU commission is looking at possible financial support to aid the resumption of supplies via the Druzhba oil pipeline
Sonoco (SON) announces USD 70/T price increase for all grades of uncoated recycled paperboard in the US and Canada, effective April 3rd; to also raise prices for all converted paperboard products by 8%
Brazilian Industrial Production YoY (Jan) Y/Y 0.2% vs. Exp. -0.7% (Prev. 0.4%)
ECB's Rehn says supply disruptions may worsen near-term inflation and weaker demand may hurt growth, via Econostream interview; impact of a long Hormuz blockade on inflation and growth would probably be significant
[MARKET UPDATE] European and US equity futures dip, USD rises, and crude futures rise, as reports of the Iranian attack on a US-owned oil tanker are making the rounds
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This positive surprise may indicate resilience in Brazil's industrial sector, suggesting potential strength in the economy that could influence future policy decisions and market sentiment towards equities and the Brazilian real.
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