BRAZIL: Haddad Says Govt Will Proceed With Income Tax Reform With Caution

Feb-05 16:28
  • Finance Minister Haddad has delivered 25 measures to Congress today that he considers to be the government’s priorities. These are reported to include regulation of big tech and military pension reform, as well as the limitation of super salaries, the new bankruptcy law and the strengthening of investor protection in the capital market.
  • Haddad has highlighted his strong relationship with new Lower House Speaker, Hugo Motta, with the latter also emphasising their collaborative attitude.
    • "*HADDAD: 15 OUT OF OUR 25 PRIORITIES DEPEND ON BRAZIL'S CONGRESS" - BBG
    • "*HADDAD: WE PROPOSE TO VOTE THESE PROJECTS IN THE NEXT TWO YEARS"
    • *HADDAD HIGHLIGHTS INCOME REFORM, PROJECT ON FREQUENT DEBTORS
    • "*HADDAD: WE WANT INCOME TAX REFORM TO BE PROCESSED WITH CAUTION"
    • "*HADDAD: LULA WILL ANNOUNCE INCOME COMPENSATION WHEN CONVENIENT"

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AUSTRALIA: CBA and Westpac on November Inflation Data

Jan-06 16:26
  • **CBA: Headline inflation is expected to have lifted to 2.6%/yr in November. This configuration of a solid lift in headline CPI but a slightly lower core inflation figure predominantly reflects the inflationary impact of the gradual unwind of the electricity rebates. This unwind will occur through to July 2025, as currently legislated. CBA expect the print to confirm Q4 24 core inflation will undershoot the RBA’s latest forecasts.
  • **Westpac’s near-cast for the November Monthly CPI Indicator is 0.4% in the month to be up 2.2% in the year. Post the November Monthly CPI Indicator, not only will we have two thirds of the data for those prices that are surveyed monthly, but we will also have an update on the services prices that are surveyed only once a quarter. The various state and federal government rebates will remain a key focus, and the November estimate will set a solid foundation for our Q4 near-cast. Westpac are also keen to get a further update on rents and dwellings inflation.

FED: US TSY 13W AUCTION: NON-COMP BIDS $2.319 BLN FROM $84.000 BLN TOTAL

Jan-06 16:15
  • US TSY 13W AUCTION: NON-COMP BIDS $2.319 BLN FROM $84.000 BLN TOTAL

FED: US TSY 26W AUCTION: NON-COMP BIDS $1.798 BLN FROM $72.000 BLN TOTAL

Jan-06 16:15
  • US TSY 26W AUCTION: NON-COMP BIDS $1.798 BLN FROM $72.000 BLN TOTAL