This week will be key to analyze the evolution of inflation in the large Latin American economies, such as Brazil, Mexico, Chile and Colombia, and the response of central banks, with decisions in Mexico and Peru.
These are the keys that will mark the week in America:
Monday 6
The Central Bank releases the result of the current account balance and foreign direct investment in Brazil in September.
The Brazilian steel group Gerdau, the largest producer of long steel in America, publishes its results for the third quarter. The accounts of the Brazilian Embraer, the third largest aircraft manufacturer in the world, and Gol are also presented.
The company OpenAI, which became popular last year with its launch of artificial intelligence (AI) chatbot ChatGPT, is holding its developer conference, an event where it will present its new tools.
Tuesday 7
The United States publishes data on its trade balance, exports and imports made during the month of September.
The Central Bank of Brazil releases the minutes of the last meeting of its Monetary Policy Committee (Copom) to define the basic interest rate.
Chile’s trade balance is published in October.
Argentina’s industrial production data for September is released.
The OECD publishes inflation figures in its member countries.
The National Institute of Statistics of Mexico presents production and export data for the automotive industry for October, after an increase of nearly 14% in the first three quarters of the year.
New day of results: the Brazilian Eletrobras, the largest electricity company in Latin America, presents its accounts; the also Brazilian Itaú-Unibanco, the largest private bank in Latin America, and the Colombian state oil company Ecopetrol.
In addition, Uber and the electric vehicle manufacturer Rivian publish results.
Wednesday 8
Chile’s CPI for October is published, after it stood at 5.1% in September, its lowest level in almost two years. The Colombian CPI for the same month is also published. In September it fell and added six months of falls.
The Central Bank of Brazil discloses the result of Brazil’s public accounts and the relationship between debt and gross domestic product (GDP) in September.
The Brazilian Government reports the growth of the country’s commercial sales in September.
The Brazilian Braskem, the largest petrochemical company in Latin America, discloses its results until the third quarter. Brazilian BTG Pactual, the largest investment bank in Latin America, and Banco do Brasil, the country’s largest financial institution and publicly controlled, also present their accounts.
Thursday 9
Mexico’s inflation is published in October, after it stood at 5.1% in September and added 8 months of deceleration.
The Bank of Mexico announces its new monetary policy after the decision of last September 28, when it maintained the interest rate for the fourth consecutive time at a record of 11.25%, which reflects the brakes of its upward trend.
The Brazilian Government releases its first projection for the 2023 and 2024 agricultural harvest.
Bradesco, Brazil’s second largest private bank, releases its quarterly results.
The central bank of Peru makes a decision on interest rates, currently at 7.25%.
Friday the 10th
The Brazilian Government discloses the inflation rate in October, after it climbed to 5.19% in September and chained three consecutive increases.
The National Institute of Statistics of Mexico publishes international tourism data for September and the Ministry of Tourism publishes those for the first three quarters of the year, in a period in which a rebound is expected to exceed pre-pandemic levels.
It also discloses industrial production for the first three quarters of 2023 after growth of 2.6% year-on-year in the first half of the year, marked by the arrival of investments due to the phenomenon of chain relocation or “nearshoring”.
The oil company Petrobras, Brazil’s largest company, reports its financial results for the third quarter.
Source: Gestion
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