Halister News

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:

• Initial Claims 238k; range 228k to 245k (45 estimates)
• Cont. Claims 1920k; range 1900k to 1995k (7 estimates)
• • Jobless claims running at a four-decade low are "a true sign of optimism; as long as businesses expect increased economic activity, they will maintain current staffing levels": Bloomberg Intelligence

Economic Release Details: {BZGDQOQ% Index ECOD} --WALTER BRANDIMARTE

(Bloomberg) -- Credit Suisse reduced estimate for Selic rate cuts in July and September meetings to 75bps from 100bps, according to report signed by analysts led by Nilson Teixeira, after after Brazil’s central bank decision to cut benchmark rate by 100bps to 10.25%.

• More uncertain scenario for reforms, BCB’s recognition of higher probability of negative scenarios led to revision of base-case scenario
• BCB sees higher probability of delays in reforms, uncertain inflation scenario in those cases, Credit Suisse says, stating that political crisis raised uncertainty on reforms
• Congress unlikely to approve significant bills in next months, "especially those that require close coordination, such as social security reform,” Credit Suisse says
  • Most likely scenario is that, if approved, reform will be watered down

To contact the reporter on this story: Leonardo Lara in Sao Paulo at llara1@bloomberg.net

(Bloomberg) -- Brazil’s Federal Police launched an operation to investigate electoral crimes and money laundering related to the 2012 campaign for Sao Paulo mayor, according to a statement sent by instant message.

• Police officers carry out 9 search and seizure warrants in the cities of Sao Paulo, Sao Caetano and Praia Grande
• The police investigation is a break up of the Carwash operation called Hidden Figure and began in November 2015
• The investigation looks at 2.6m reais in payments related to graphic services and involves one of the tickets running for City Hall
• Press conference scheduled for 11am local time

(Bloomberg) -- Deere to buy Wirtgen Group, a closely held manufacturer of road construction equipment; sees deal adding to EPS.

• DE to hold call today 10am

To contact the reporter on this story: Arie Shapira in New York at ashapira3@bloomberg.net