U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Brazil’s inflation measured by IPCA-15 index, which gauges inflation from mid-June to mid-July reached 0.54 percent month-on-month, as compared to 0.35 percent month-on-month in the June’s entire month and 0.4 percent month-on-month between mid-May and mid-June.
Nearly 70 percent of the price variation in July’s IPCA-15 was because of rise in food prices, which was due to supply problems, noted BBVA Research in a research report.
Food inflation accelerated 1.45 percent on sequential basis, as compared with 0.71 percent in June. On a bright side, non-food prices continued to ease in the first weeks of July, consistent with reductions in regulated prices and the slowdown in demand.
On a year-on-year basis, consumer prices rose 8.93 percent in mid-July, as compared with 8.98 percent in the 12 months to mid-June. This was above market projections of 8.84 percent. This supports projections that the Central Bank of Brazil will wait for a longer time before lowering rates.
“Taking IPCA-15’s figures for July into account, we expect the IPCA for the full-month of July to reach 0.40 percent MoM in monthly terms and to ease somewhat in July, to 8.6 percent YoY from 8.8 percent YoY in June,” added BBVA Research.
