Rio Times Global Economy Briefing
The Big Three
Payrolls anxiety halts Wall Street rally The S&P 500 slipped 0.18% to 7,710 as traders squared positions ahead of the Friday jobs report, with private payrolls expected to show a rebound to 78,000.
Yields creep higher on inflation stubbornness The US 10-year Treasury yield ticked up 1.39% to 4.681%, tightening financial conditions just as Brazilian inflation data and Mexican core CPI are set for release.
Dollar firms, keeping the real on edge The DXY dollar index rose 0.31% to 99.984, a nudge that adds pressure to the Brazilian real ahead of the CFTC positioning data and IGP-DI inflation print.
