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.
Brazil’s central bank eased restrictions on local banks’ ability to raise funds abroad, adding to government efforts to slow a decline in the currency prompted by concerns the U.S. may unwind monetary stimulus.
Brazil’s mid-month inflation rate jumped more than economists expected, increasing pressure on the central bank to quicken the pace of interest rate increases at its next meeting. Yields on interest-rate futures rose.