Weekly Report: what happened at BRZU last week (0715-0719)?

Rising Costs And Gloomier Prospects Cast Shadow Over Emerging Market Outlook

Emerging market economic growth was sustained at a solid pace in June, despite easing from the one-year high seen in May. The expansion was led by manufacturing as service sector growth slowed. Manufacturing production rose at the fastest pace since November 2020. Input price inflation climbed to a ten-month-high, driven by rising costs.

BRZU: Signs Begin To Improve

Brazil had one of the worst performances in the financial market in the first half of 2024. Interest rate cuts in the US should benefit emerging markets like Brazil. The Big Mac index points to a major devaluation of the Brazilian currency against the dollar. Brazil's political noise is expected to decrease in the second half of the year. I recommend buying the Direxion Daily MSCI Brazil Bull 2X Shares ETF (BRZU)

Weekly Report: what happened at BRZU last week (0708-0712)?

Taking A Page Out Of The EM Playbook

Weekly Report: what happened at BRZU last week (0701-0705)?

Global PMI Upturn Cools From One Year High As Outlook Darkens

Global economic growth slowed in June but remained the second-strongest seen for just over a year. The US bucked a broader developed world slowdown, with output growing at the steepest pace since April 2022. The global economy expanded for an eighth consecutive month in June. Business expectations for the year ahead are lowest for seven months.

Nearshoring Dynamics: Latin America's Strategic Economic Shift

Latin America is a region at the cusp of a transformative era as a region. Nearshoring Dynamics: Latin America's Strategic Economic Shift. Axel Christensen is Chief Investment strategist for Latin America for the BlackRock Investment Institute. He says the region is becoming an epicenter of global change. The demographic shifts in demographics are creating a mosaic of investment opportunities.

Weekly Report: what happened at BRZU last week (0624-0628)?

July 2024 Monthly

July brings new governments in the UK and France, a new European Commission, and China's Third Plenum session. The US policy mix stands out with loose fiscal policy and tight monetary policy, contributing to the dollar's strength. Emerging market currencies faced a heavier bias in June. The best policy mix for a currency is loose monetary and fiscal policy.

Will The PCE Deflator Really Contain New Information?

USD Pushes Above JPY160

The dollar is firm, and the market is challenging the JPY160 level. A strong monthly inflation print boosts the chances of a rate hike in Australia. The Aussie dollar is the main exception to the greenback's strength today. Asia Pacific bourses advanced, with Australia's market being the outlier.

Nervous Calm Hangs Over The Markets

Weekly Report: what happened at BRZU last week (0617-0621)?

U.S. Dollar Offered, But Intra-Day Momentum Indicators Are Stretched

Week Ahead: Politics, Economics, And The Yen

Global Economic Outlook: June 2024

Weekly Report: what happened at BRZU last week (0610-0614)?

Week Ahead: Political Anxiety Runs High Giving The Dollar A Lift

Despite softer inflation readings and lower interest rates, the US dollar performed well against the euro, sterling, and yen. Political anxiety in France and the UK, along with economic highlights from central bank meetings, impacted currency markets. The Australian dollar, Chinese yuan, Japanese yen, euro, and Mexican peso all faced challenges.

Emerging Markets Expand At Fastest Pace In A Year While Cost Pressures Rise