Next Week News

Economists surveyed by the Brazilian central bank increased their forecasts for economic growth in 2018 for the second consecutive week, to 2.89% from 2.80% last week. For 2019, GDP growth projections remained at 3.00% for the fourth week.

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After nine consecutive sessions rising, the Ibovespa fell by 0.82%, closing at 86,935.44 points, as investors increased their bets on higher interest rates in the United States after comments from the new chairman of the United States Federal Reserve Bank (Fed), Jerome Powell.

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Australia's gross domestic product advanced a seasonally adjusted 0.4 percent on quarter in the fourth quarter of 2017, the Australian Bureau of Statistics said on Wednesday.

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Bitcoin meets all of the essential criteria for an asset bubble, which is sure to burst soon and the spillover effects into traditional financial system would be limited, while the blockchain technology holds promise for investors, Allianz Global Investors said. The top cryptocurrency's trajectory resembles a textbook case of a financial-market bubble that may soon pop, the firm said.

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After five trading sessions down, the Ibovespa closed slightly higher (+0.30%) Tuesday at 84,163.80 points, pulled higher by steelmakers shares but capped by caution before the monetary policy decisions of the U.S. Federal Reserve (Fed) and the Brazilian central bank, both expected for Wednesday.

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Here is a list of economic data releases expected for Thursday in Latin America. All times are Eastern Time (ET).

• Colombia: the February economic activity index will be published at 3 p.m. by the national statistics office (DANE).
• Colombia: the February business confidence index will be published by the Fedesarrollo.
• Argentina: the March consumer confidence index will be published by the Universidad Torcuato Di Tella.

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Ibovespa, the benchmark stock market index in Brazil, closed lower (-0.46%) for the second session in a row, at 84,377.19 points Friday in a volatile trading day amid fears of a global trade war. In the week, the index had a 0.60% fall.

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Here is a list of economic data releases expected for the next week in Latin America. All times are Eastern Time (ET).

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The private sector in Hong Kong continued to expand in March, albeit at a slower rate, the latest survey from Nikkei showed on Friday with a PMI score of 50.6.

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The Tourism sector in the Caribbean countries is encouraging payments in Cryptocurrency for related services and products offered in the region. The Caribbean Tourism Organization (CTO), the region's tourism development agency, it is in deal with blockchain technology company, Bitt Inc., to facilitate more efficient payment processes for tourism-related products and services. They signed a deal.

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