Brazil's current account deficit widens in December, deteriorates in 2024

Brazil's current account closed 2024 with a 2.55% GDP deficit, driven by a shrinking trade surplus and increased imports, alongside significant foreign investment changes.

• USD/CNY

UBS sees CNY at risk amid US-China trade policy uncertainty

UBS warns of potential volatility in the Chinese Yuan amid uncertainties over US tariffs, forecasting a possible rise to 7.50 under adverse conditions.

• USD/BRL

Brazil central bank to raise rates another 100bps in January: Reuters poll

Brazil's central bank plans to raise interest rates by 100 basis points on January 29, with further increases expected, due to inflation concerns and economic challenges.

EM portfolios add $274 billion of foreign inflows in 2024, IIF says

Foreign investors added $273.5 billion to emerging market portfolios in 2024, primarily in fixed income, while U.S. economic strength posed challenges to investment in developing regions.

Russian companies expect 2025 inflation above 10%, central bank survey shows

Russian companies expect 2025 inflation at 10.7%, citing labor shortages as production constraints. The central bank keeps interest rates at 21% amidst tight credit conditions.

• EUR/USD

ECB pitches digital euro as response to Trump's crypto push

Euro zone banks advocate for a digital euro as a response to Trump's promotion of dollar-backed stablecoins, fearing loss of customers and revenue.

Foreign investors bet on Turkey, drawn by rate cuts, easing inflation

Foreign investors are returning to Turkey's debt markets, attracted by interest rate cuts and easing inflation, with hopes for improved economic conditions and regional stability aiding growth.

Factbox-IPO market comeback: How recent major US listings fared

The U.S. IPO market is poised for significant growth in 2025, highlighted by key companies and recent performances driving investor interest and sentiment.

• VZ

Verizon wireless subscriber growth hits 5-yr high, profit view weak

Verizon reports strong wireless subscriber growth, led by myPlan demand and promotional offers, while investing in 5G and introducing AI solutions amid competitive market conditions.

• AXP

AmEx beats revenue expectations on strong holiday season spending

American Express surpassed revenue expectations due to strong consumer spending during the holiday season, particularly in travel and entertainment, showing resilience amid economic uncertainty.