Key Facts
Brent crude climbs 0.7% to US$84.83 as Middle East tensions rise, injecting a positive impulse for Petrobras and the Mexican peso that may offset the risk-off tone in US equity futures.
The yen crashes through 162 per dollar, a 40-year low, driving a broader flight into the dollar and US Treasuries that is siphoning capital from emerging markets from Mexico City to São Paulo.
S&P 500 futures slip 0.4% and Nasdaq futures drop 0.7% in early European trade, pointing to a fourth day of losses for tech and a cautious open for regional exchanges already nursing mid-week declines.
Brazil’s IGP-10 inflation print and IBC-Br activity gauge land before the bell, offering the first real read on whether the 15% Selic rate has begun to cool demand without tipping the economy into a hard stop.
