HALISTER1: DBRS: Pension Reform Key to Brazil Rating

DBRS: Pension Reform Key to Brazil Rating

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
1323Z BZ (Federative Republic of Brazil)

People
Dilma Rousseff (Worker's Party Of Sao Paulo)
Michel Temer (Federative Republic of Brazil)
Fergus McCormick (DBRS Inc)
Michael Heydt (DBRS Inc)

Topics
Fixed Income Research
Prov., Reg. Credit Research
Credit Analysis Research
Credit Research
Investment Research

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: CPI, Retail Sales Due in 5 Minutes

U.S. ECO PREVIEW: CPI, Retail Sales Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News.
  • Retail sales 0% m/m; range -0.3% to 0.3% (79 estimates)
  • Retail ex-autos 0.1% m/m; range -0.2% to 0.4% (72 estimates)
  • Retail ex-auto/gas 0.3% m/m; range 0.1% to 0.5% (24 estimates)
  • Retail control 0.3% m/m; range 0.1% to 0.7% (28 estimates)
    • May’s report will probably show retail sales "got a double whammy from a drop in unit auto sales and a fall in gas prices": Bloomberg Intelligence
    • In April, retail sales rose 0.4 percent, the most in three months
  • CPI 0% m/m; range -0.2% to 0.3% (79 estimates)
  • Core CPI 0.2% m/m; range 0% to 0.3% (78 estimates)
  • CPI 2% y/y; range 1.9% to 2.2% (47 estimates)
  • CORE CPI 1.9% y/y; range 1.8% to 2% (47 estimates)
  • Core CPI Index SA 251.58; range 251.518 to 251.599 (3 estimates)
  • CPI Index NSA 244.9; range 244.791 to 245.319 (13 estimates)
    • In April, the CPI rose 0.2 percent after falling 0.3 percent in March
    • "Investors treated surprisingly soft inflation results in March with skepticism, however, a cooler-than-expected outcome for April, as well, lent credibility to the dovish narrative that achieving the Fed’s inflation target may remain difficult for some time to come": Bloomberg Intelligence

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Former Barclays Lawyer Named U.K. Treasury’s Economic Secretary

Former Barclays Lawyer Named U.K. Treasury’s Economic Secretary

Alert: HALISTER1
Source: BN (Bloomberg News)

People
Theresa May (United Kingdom of Great Britain and Northern Ireland)
Baroness Lucy Neville-Rolfe (United Kingdom of Great Britain and Northern Ireland)
Simon Kirby (Natl Inst Of Econ & Soc Res)

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UUID: 7947283

HALISTER1: May Names Stephen Barclay as Treasury’s U.K. Economic Secretary

May Names Stephen Barclay as Treasury’s U.K. Economic Secretary

(Bloomberg) -- Stephen Barclay, who worked as a regulator for the Financial Services Authority and then at Barclays Bank Plc as head of anti-money laundering and sanctions, was named as the U.K. Treasury’s economic secretary.
  • The appointment is latest in Prime Minister Theresa May’s reshuffle following last week’s election

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BARC LN (Barclays PLC)

People
Theresa May (United Kingdom of Great Britain and Northern Ireland)

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UUID: 7947283