Brazil pauses rate cuts as rising debt and fiscal pressure threaten to keep borrowing costs high
Published . Updated .
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This report is about Brazil.
Directly affected
- No company is named in this report.
Indirectly affected
- EWZ iShares MSCI Brazil ETF-15.1% 30d
iShares MSCI Brazil ETF holds stocks listed in Brazil, which this story is about (“brazil”).
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF-2.3% 7d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Brazil
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Brazil.
- EEM iShares MSCI Emerging Markets ETF-1.9% 18d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Brazil
- PBR Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro S.A. - Petrobras (crude petroleum and natural gas) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
- ITUB Itaú Unibanco Holding S.A
Itaú Unibanco Holding S.A (state commercial banks) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
- NU Nu Holdings
Nu Holdings (finance services) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
- VALE Vale S.A-0.3% 10d
Vale S.A (metal mining) is one of the largest Brazil-based companies traded in the US, so news about Brazil (“brazil”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| EWZ | +2.20% | -0.08% | base | after close | after close | after close | after close |
| EMB | +0.02% | -0.54% | base | after close | after close | after close | after close |
| EMLC | -0.28% | -0.71% | base | after close | after close | after close | after close |
| EEM | +5.12% | +5.25% | base | after close | after close | after close | after close |
| PBR | +17.34% | +12.15% | base | after close | after close | after close | after close |
| ITUB | -2.20% | -3.71% | base | after close | after close | after close | after close |
| NU | -1.19% | -1.28% | base | after close | after close | after close | after close |
| VALE | -0.44% | -4.15% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Brazil pauses rate cuts as rising debt and fiscal pressure threaten to keep borrowing costs high Latin Times
Source: Latin Times
This story
| Company | When | Move | Status |
|---|---|---|---|
| EEM | three days earlier | +5.25% | final price |
| EEM | five days earlier | +5.12% | final price |
| EMB | three days earlier | -0.54% | final price |
| EMB | five days earlier | +0.02% | final price |
| EMLC | three days earlier | -0.71% | final price |
| EMLC | five days earlier | -0.28% | final price |
| EWZ | three days earlier | -0.08% | final price |
| EWZ | five days earlier | +2.20% | final price |
| ITUB | three days earlier | -3.71% | final price |
| ITUB | five days earlier | -2.20% | final price |
| NU | three days earlier | -1.28% | final price |
| NU | five days earlier | -1.19% | final price |
| PBR | three days earlier | +12.15% | final price |
| PBR | five days earlier | +17.34% | final price |
| VALE | three days earlier | -4.15% | final price |
| VALE | five days earlier | -0.44% | final price |
This story
12 out of 100
“Brazil pauses rate cuts as rising debt and fiscal pressure threaten to keep borrowing costs high” scores 12 out of 100. The score uses 1 sources.