Key Facts
Brazil’s CPI prints at midday, with the mid-month IPCA reading expected to show inflation still pressing against the ceiling of the central bank’s target range, keeping the Selic rate firmly at 15% for now.
Asia traded without conviction overnight, with a lack of clear direction from Tokyo and Shanghai leaving European futures largely flat as traders wait for US manufacturing data.
Durable goods orders in focus, as a rebound above 1.6% in the US headline figure would signal industrial strength, potentially firming the dollar against Latin American currencies.
Mexico’s trade balance drops early, with a forecast surplus of $2.4bn providing one of the few clear macro signals in the region this morning before the main equity session begins.
