Rio Times Global Economy Briefing
The Big Three
Dow jumps 0.5% to record as US inflation cools The Dow closed at 40,211.72, with the S&P 500 and Nasdaq up ~0.3% on softer June CPI, sparking a risk rally tempered by a firm dollar.
Brent oil spikes to $84.66 on US-Iran blockade fears Crude surged as renewed Hormuz tensions raised supply risks, a mixed blessing for LatAm: supporting exporters but stoking inflation fears.
Brazil retail sales miss, rate-cut path stays tight Retail sales are expected to slow sharply from the prior month, reinforcing the Copom’s ‘restrictive’ Selic stance at 14.25% amid global jitters.
