Day: October 2, 2024

Peru

Peru’s consumer prices fell by 0.24% MoM in September, significantly below the expected 0.08% rise. Annual inflation decreased to 1.8% in September, down from 2.0%

Paraguay

Paraguay’s GDP grew by 4.6% in the first half of 2024, with a strong second-quarter performance of 4.8% YoY, surpassing earlier forecasts of 3.8%. Agriculture

Honduras

Honduras’ consumer prices increased by only 0.1% MoM in September, well below the monthly average of 0.4% for January-August 2024. This slowdown brought annual inflation

Brazil

Moody’s upgraded Brazil’s rating from Ba2 to Ba1, one level below investment grade, with a positive outlook. The upgrade reflects ongoing economic and fiscal reforms,

Zambia

Zambia plans to establish a sovereign wealth fund next year to cushion the economy against financial shocks and support key sectors such as health and

Uganda

Uganda’s FX reserves fell 4.3% in the three months to the end of July, reaching USD 3.3 bln, equivalent to three months of imports, driven

South Africa

South Africa’s markets are experiencing a strong rally, driven by positive investor sentiment since the formation of a coalition government after the African National Congress

Kenya

Kenya’s annual inflation rate slowed to 3.6% in September, its lowest in almost 12 years. The latest inflation data will influence the MPC meeting on

Israel

G7 countries will convene for an emergency meeting following Iran’s missile attack on Israel and Israel’s vow to retaliate. That marks a significant escalation of

Uzbekistan

The IMF revised Uzbekistan’s economic growth forecast upward to 5.5% from 5.2%. However, the fund now expects a wider current account deficit of 6.5% of

Serbia

Serbia’s statistical office revised the country’s 2023 economic growth upward to 3.8%, higher than the initial estimate of 2.5%. The revision was based on preliminary

Kazakhstan

Kazakhstan announced its intention to issue a USD-denominated benchmark bond with a maturity of 10 years or longer. The amount is expected to be between

Russia

Russia’s central bank reiterated its stance that another interest rate hike may be on the table at the next meeting of the board of directors.

Ukraine

Republican presidential candidate Donald Trump has stated that, if elected, his first two calls will be to Ukrainian President Volodymyr Zelensky and Russian President Vladimir

Bangladesh

Bangladesh’s inflation rose 9.92% YoY in September, down from 10.49% in August. Food inflation decreased to 10.40% in September from 11.36% in August, while non-food

Iran

European natural gas prices fluctuated as traders assessed the escalating Middle East conflict and Europe’s substantial fuel stockpiles. Benchmark futures swung between gains and losses