Rio Times Global Economy Briefing
The Big Three in the Global Economy
Wall Street holds firm near records despite labour-market churn The S&P 500 closed at 7,537.43, up 0.72%, as investors balanced a soft US jobs report against resilient services data, keeping global risk appetite intact and supportive for Latin American capital flows.
Oil flirts with US$79 as Hormuz tensions keep inflation nerves alive Brent crude traded near US$79 a barrel after a weekly gain driven by attacks and US strikes around the Strait of Hormuz, a double-edged sword for Brazil that supports exporters but complicates Copom’s easing path.
Brazil’s 14.25% Selic and a firmer real anchor EM carry appeal With USD/BRL near 5.13 per dollar, Brazil’s real yields remain among the most attractive in emerging markets, drawing inflows and cushioning regional risk sentiment even as the Fed stays cautious.
