Brazilian economy again posted negative growth rate in Q3. The GDP data for Q3 shows the economic activity declined by -1.7% q/q in compare to -2.1% q/q in Q2. The major factors to lead the negative growth are investment…
Brazilian economy again posted negative growth rate in Q3. The GDP data for Q3 shows the economic activity declined by -1.7% q/q in compare to -2.1% q/q in Q2.
The major factors to lead the negative growth are investments and private consumption. The two indicators are expected to remain low in the coming quarter due to higher interest rate. On the other hand, weaker BRL support the net exports to perform well.
"Economic activity is likely to start recover on only a slow pace towards end 2016, and to pick up somewhat in 2017 as a stabilization of commodity prices and monetary policy easing will help", foresees Nordea Bank.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
