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S&P 500 Hovers Near Record Highs on US-Iran Hopes

Stocks traded near all-time highs and bonds rose as hopes for a deal to revive the Strait of Hormuz trimmed a rally in oil prices. Eric Freedman, CIO at Northern Trust, discusses the current market landscape. (Source: Bloomberg)

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Brazil’s July IPCA Inflation Falls Back Inside the Target Band

Brazil · Economy Key Facts Monthly rise Brazil’s IPCA rose 0.07% in July, down from 0.16% in June. Annual rate The 12-month IPCA hit 4.44%, down from 4.64% in June and back inside the 1.5%–4.5% target…

  • Brazil's July IPCA inflation rate at 4.44%, within target range of 3% ± 1.5%
  • Falling food prices, particularly tomatoes, potatoes, and carrots, contribute to slowdown
  • Services inflation remains a key concern for policymakers