Rio Times Global Economy Briefing
The Big Three
Confidence rebounds, inflation fears fade. The University of Michigan’s final survey showed consumer sentiment jumping to 49.5 and long-term inflation expectations falling sharply to 3.3%, as worries over the Iran conflict eased.
The AI trade keeps cracking. The Nasdaq fell for a fifth straight day — its worst run since February — after a report that OpenAI may delay its market debut, deepening doubts about how the AI boom will be funded.
Oil falls again, and Brazil benefits. Crude dropped more than 3.5% to around $69 as tankers kept crossing the Strait of Hormuz, while strong Brazilian investment and jobs data brightened the outlook before the next rate decision.
