Brazil’s consumer prices rose less in January than economists estimated, reinforcing bets the central bank will slow the pace of interest rate increases in the world’s second-biggest emerging market. Swap rates fell.
Brazil’s industrial production in December fell by the most in five years, surprising analysts, as the central bank continues to boost interest rates in the world’s second-biggest emerging market. Swap rates fell.
Gains in consumer spending probably continued to drive the U.S. economic expansion at the end of 2013 as sales at non-auto retailers climbed during the holidays. Elsewhere, inflation in the U.K. probably held at a four-year low in December, Brazil’s central bank may slow the pace of monetary tightening, and Australia’s employment growth cooled.
In the global economy this week, data will probably show U.S. manufacturers are expanding at a faster rate than their counterparts in China and Europe. Growth at American producers held close to the highest level since early 2011. Elsewhere, Brazil may post its smallest annual trade balance in more than a decade. And price pressures are starting to build in parts of Asia as economies strengthen.