EM LATAM CREDIT: Chairman of Brazil's Cosan: Raizen Restructuring: Positive Take
May-30 13:55
Raizen SA (Baa3 /BBB neg /BBB) "Rubens Ometto Silveira Mello, founder of the Cosan group, said the ...
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US TSYS: Post-PMI React
Apr-30 13:52
- Treasury futures pare gains slightly after lower than expected Apr PMI data, stocks draw some buying off lows.
- Jun'25 10Y currently +4.5 at 112-09.5 high (10Y yld at 4.1581%), back on resistance at 112-12 (61.8% retracement of the Apr 7 - 11 bear leg), next level at 113-04 (76.4% retracement of the Apr 7 - 11 bear leg).
- Cross asset: BBG US$ index holds modest gain at 1223.16 (+0.97); stocks weaker: S&P eminis -110.5 at 5473.25.
US DATA: MNI Chicago Report™: 78% Focusing On Operational Efficiency/Costs
Apr-30 13:51
In April, the Chicago Report™ also asked firms “In support of anticipating and adapting to future trends what areas of the business will you focus on the next year?”
- A notable 78% of respondents pointed to a focus on operational efficiency/costs, while 48% were focusing on managing risk/compliance.
- 37% of respondents were targeting operational resilience, while 19% were planning to drive cross-functional initiatives.
- 11% of respondents looked to focus on talent acquisition and development.
US DATA: MNI Chicago Report™: 32% Implementing Surcharges On Tariff Uncertainty
Apr-30 13:48
In April, the Chicago Report™ asked firms “What are you immediately doing as a result of the tariff uncertainty?”.
- One third (32%) of respondents are implementing temporary surcharges, while 29% are freezing hiring.
- 21% of respondents are looking to switch suppliers, while 32% of respondents were unsure.
- 36% of respondents answered “Other”, with details ranging from inaction (until more clarity on what tariffs will be implemented is available) to creation of new teams to monitor risks.
