LATAM: Week Ahead – Brazil Q2 GDP, Chile Activity, Colombia/Peru CPI Inflation

Aug-29 16:20
  • Mexico: President Sheinbaum will present her priorities for the new legislative year on Monday, before focus shifts to June gross fixed investment and private consumption data later in the week. July remittances and August PMI stats are also due.
  • Brazil: Q2 GDP data on Tuesday are expected to confirm a slowdown in growth, with the economy growing by just 0.3% q/q and 2.1% y/y. Also on Tuesday, former president Jair Bolsonaro’s trial on attempted coup charges will begin. July IP stats are also due.
  • Chile: IMACEC economic activity figures at the start of the week are likely to show a moderation in growth, keeping the door open to a further potential interest rate cut at the Sept 9 BCCh MPC meeting.
  • Colombia: On Friday, headline CPI inflation is expected to edge back above 5% y/y in August, with the core rate also ticking higher, keeping pressure on BanRep to remain on hold next month.
  • Peru: August CPI inflation is expected to moderate to just 1.4% y/y on Monday, keeping the headline rate in the lower half of the BCRP's 1-3% target range for a ninth consecutive month.
  • Argentina: Government August tax revenue on Monday is the highlight of the data calendar, while the BCRA will also publish its latest analyst survey later in the week.

Historical bullets

FED: US TSY TO SELL $58.000 BLN 3Y NOTES AUG 05, SETTLE AUG 15

Jul-30 16:05
  • US TSY TO SELL $58.000 BLN 3Y NOTES AUG 05, SETTLE AUG 15

FED: US TSY TO SELL $25.000 BLN 30Y BOND AUG 07, SETTLE AUG 15

Jul-30 16:05
  • US TSY TO SELL $25.000 BLN 30Y BOND AUG 07, SETTLE AUG 15

FED: US TSY TO SELL $42.000 BLN 10Y NOTES AUG 06, SETTLE AUG 15

Jul-30 16:05
  • US TSY TO SELL $42.000 BLN 10Y NOTES AUG 06, SETTLE AUG 15