INSUBCONTINENT EXCLUSIVE:
Brazilian financial markets shift attention to a robust global economic agenda, which will shape sentiment and capital flows into Latin
calendar in Brazil features two key releases:The Gross Debt-to-GDP Ratio for January at 6:30 AM local time (9:30 GMT), a pivotal measure of
fiscal sustainability amid mounting public spending pressures, andThe Services PMI and Composite PMI at 10:00 AM local time, which gauge the
Financial Morning Call for March 5, 2025
(Photo Internet reproduction)The PMI data will signal whether domestic service activity can offset external pressures, such as global trade
tensions, when markets reopen.Globally, significant events like the U.S
Debt-to-GDP Ratio (MoM) (Jan): Previous value at 76.1%
A rise could signal worsening fiscal health, pressuring the real and investor trust, while stability or improvement might ease debt
ADP Nonfarm Employment Change (Feb): Consensus at 141K; previous at 183K
This labor market indicator influences U.S
Productivity (QoQ) (Q4): Consensus at 0.6%; previous at -0.4%
Final readings for Spain, Italy, France, Germany, and the Eurozone composite
Eurozone Unemployment Rate (Jan): Consensus and previous at 6.3%
(Feb): Consensus at 50.8; previous at 51.0
South Africa GDP Annualized (QoQ) (Q4): Previous at -0.3%
(Q4): Consensus at 1.2%; previous at 0.8%
closed on Tuesday, March 4, 2025, due to the Carnival Holiday, leaving no local trading activity to report.This silence amplified the focus
on global economic cues, particularly U.S
Markets YesterdayStocks racked up more losses on Wall Street Tuesday as a trade war between the U.S
and its key trading partners escalated, wiping out all the gains since Election Day for the S-P 500.The benchmark index fell 1.2% (71.57
points) to 5,778.15, the Dow Jones Industrial Average shed 670.25 points (1.6%) to 42,520.99, and the Nasdaq composite slipped 0.4% (65.03
points) to 18,285.16, despite a rebound in big tech stocks like Nvidia.Shares of Target and Best Buy fell after the retailers warned of
recorded rate was R$5.89 to the USD on March 3, reflecting fiscal concerns and global trade tensions
With markets closed today, this rate remains a benchmark, vulnerable to shifts driven by U.S
trade tensions weighed on markets
pullback amid market uncertainty, reflecting tariff fears and ETF outflows
credibility and export resilience
