Brazil’s central bank said its current pace of interest rate increases remains appropriate to rein in consumer prices, repeating language it used to justify previous half-percentage-point increases. Swap rates rose.
Most Brazilian stocks dropped after a report showing U.S. companies added more workers than forecast rekindled speculation that the Federal Reserve will soon reduce stimulus that has boosted emerging-market assets.
Blackstone Group LP is in the spotlight as it prepares a record stock offering for the Hilton hotels chain. Its success building one of the nation’s biggest warehouse landlords has garnered far less attention.
We identified the top forecasters using estimates from the Bloomberg ECO survey for economic indicators in the euro zone and 10 countries. These nations, which were among the top 25 in GDP, had to have a minimum of two ranked forecasters making predictions for at least three indicators, including GDP, to qualify for our list.
South Korea’s bonds fell, pushing the three-year yield to the highest level since June, as data showing the economy is improving increased demand for riskier assets. The won climbed for the second day.