Brazil’s economy shrank in the third quarter more than analysts forecast as above-target inflation, deteriorating fiscal accounts and rising interest rates sapped confidence and crimped investment. Swap rates fell.
The Portuguese government is raising about 578 million euros ($783 million) from the disposal of a 70 percent stake in the country’s 493-year-old postal service after setting the price at the top of its announced range.
Data this week will probably highlight a divergence in global growth. Employers in the U.S. hired more workers in November, and the government in the U.K. may raise its economic forecast for the first time in three years. Conversely, Brazil’s economy may have contracted in the third quarter for the first time in two years.
Chile’s peso may be headed for a rebound after the central bank’s two consecutive reductions in borrowing costs helped the currency tumble to its weakest level since October 2011, technical indicators show.