Nov 29, 2024 | Markets
Real erased Friday drop as Congress heads push for constraint Spending package disappointed, adding to fiscal concerns Brazilian markets wrapped up a turbulent week after a much vaunted plan to cut government spending came in well short of expectations, adding to...
Nov 29, 2024 | Markets
Yen was leading gains among peers as bets on BOJ hike rise Dollar rally due to pause after election euphoria: Jefferies The US dollar is heading for the biggest weekly loss in a year, pulling back from the sharp run up fueled by speculation that Donald Trump’s...
Nov 28, 2024 | Markets
Plan to cut government spending falls flat with investors Currency is down 19% this year, the worst among majors The Brazilian real dropped to a record low and stocks slumped the most since early 2023 as a proposal to cut some $12 billion in public spending...
Nov 28, 2024 | Markets
Investors are seeking austerity as public debt rises The Brazilian real fell to an all-time low on Thursday Brazil Finance Minister Fernando Haddad unveiled a long-sought plan to cut 70 billion reais ($11.8 billion) from public spending through 2026 as investors’...
Nov 28, 2024 | Markets
France’s bonds have been underperforming peers on budget risks Investors await S&P credit rating update due on Friday France’s benchmark bond yield matched Greece’s for the first time on record, the latest milestone in a week marked by mounting anxiety over the...
