Halister News

(Bloomberg) -- Loudoun County Health Department (LCHD) confirms in press release that one Chipotle patron has tested positive for norovirus.

• LCHD has identified ~60 individuals who fell ill and who reported being at the Virginia facility last week
• LCHD says it doesn’t have sufficient information to determine cause of outbreak, and it is awaiting further test results, which should be available next week
• NOTE: CMG down 8.2% since July 17 close, the day before it confirmed that it was aware of a “small number” of illnesses linked to store in Sterling, Virginia

(Bloomberg) -- Economic data are overshadowing political caution and changing rate outlook, Quantitas Gestao de Recursos says in report signed by economists Ivo Chermont and Joao Fernandes.

• Political shock did not translate into a devaluation of BRL, nor an increase in inflation expectations for 2018
• Inflation 2017 estimates keep falling and should end year very close to 3%, bottom of govt’s target range
  • Inflation in 2018 seen at 4.2%, at risk of being below
• Base scenario sees cut of 1 ppt in the Selic rate next week; -0.75 ppt in Sept.; -0.50 ppt in Oct.; -0.50 ppt in Dec.

Original Story: Quantitas reduz estimativa Selic de 8% para 7,50% ao fim de 2017 To contact the translator on this story: Ney Hayashi in Sao Paulo at ncruz4@bloomberg.net Reporter on the original story: Marisa Castellani in Sao Paulo at mcastellani7@bloomberg.net Editors responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net Taís Fuoco

--Washington Newsroom (202) 624-1820

(Bloomberg) -- “It’s very likely the dollar will actually lose ground” against the euro and yen in the coming months amid uncertainty over tax overhaul, says David Woo, global head of rates, FX, and EM fixed-income strategy and economics research at Bank of America Corp., says in conference call.

• “The upside for the USD is limited until there is greater clarity on tax reform which will be late September or even October,” Woo says in presentation. “USD bulls should stay on the sidelines until then”
• Recommends reducing long-EM exposure, as any correction in risky assets would hit EM “particularly hard”
• US 10-Year Treasury yield may move downward before a push higher toward 3%

To contact the reporter on this story: Lananh Nguyen in New York at lnguyen35@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Brian Chappatta

(Bloomberg) -- (Translated by Google and reviewed by Bloomberg editors.)

• The risks of a depreciation of Brazil’s real are somewhat contained due to the structural improvement that has occurred over the last year, with very solid external accounts, very low inflation, activity recovering and a certain improvement in the medium-term fiscal situation, due to the approval of the spending ceiling bill, says Nomura strategist Joao Pedro Ribeiro in a telephone interview
• Nomura continues to see the trend of depreciation of the real until the end of the year, with some risk associated with disappointment with fiscal numbers and with the potential for approval of the pension reform, which may not be properly reflected in the exchange rate
  • BRL/USD behavior has reflected fairly favorable external environment for emerging markets and good domestic news, such as labor reform approval, lower inflation and some optimism with a smaller chance of the "Lula scenario" in 2018
• Ribeiro sees no change in the central bank’s performance in terms of exchange rate, given the current level of stocks of swap
• NOTE: Nomura maintains a BRL projection at BRL3.40/USD at the end of 2017 and at BRL3.50/USD at the end of 2018
• Fiscal situation is quite complicated and there are risks in the short term to fiscal numbers, in addition to uncertain political scenario, which are relevant to the central bank with regard to monetary policy, he said
• Nomura works with "no pension reform" scenario
• S&P downgrade possible over the next 30 days
• Probability of cutting Selic by 100bps at next week’s monetary policy cmte meeting is "quite high"
  • June conditions here favored maintaining the pace of cuts, with inflation and inflation expectations down, in addition to exchange rate appreciation
  • NOTE: Nomura sees Selic at 8% at the end of the year

Original Story: Nomura: Risco de alta do dólar é contido por melhora estrutural To contact the translator on this story: Priscilla Murphy in Brasilia Newsroom at pmurphy134@bloomberg.net Reporter on the original story: Vinícius Andrade in São Paulo at vandrade3@bloomberg.net Editors responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net Taís Fuoco, Patricia Xavier

(Bloomberg) -- Thermo Fisher Scientific rises as much as 1.5%, touching a new record high, after Cleveland Research analyst Steve Willoughby raised to buy from neutral, PT $206, seeing upside from improving fundamentals.

• Says demand from pharma customers has remained strong while demand from industrial and academic customers appears to be improving; trends likely continued in 2Q
• Sees upside potential to co.’s 4% 2017 organic growth guidance
• TMO has 15 buys, 2 holds, no sells, avg PT $193: Bloomberg
• Shares rose 29% this year while S&P 500 Health index is up 17%

To contact the reporter on this story: Tatiana Darie in New York at tdarie1@bloomberg.net To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net Will Daley