Rio Times Global Economy Briefing
The Big Three
Wall Street snaps losing streak on tech rebound The S&P 500 closed up 0.89% near 7,509, snapping a three-day slide as semiconductor stocks surged on stronger Korean and Taiwanese export data, stabilising global risk appetite after an AI-driven rout.
Oil breaks above $90, stoking inflation fears Brent crude hit $91.24, up 2.26%, driven by Middle East supply threats including Houthi rebel escalation, feeding into global inflation risks that complicate the Fed’s rate path and squeeze Latin American importers.
Brazil’s Selic anchors real as carry trade thrives With the policy rate at 14.25% after cautious cuts, Brazil offers one of the highest real yields in emerging markets, keeping the real near 5.07–5.09 per dollar and acting as a magnet for foreign fixed-income inflows.
