No fewer than 10 major developing nations, including China, Brazil, India and Russia, are scheduled to release reports on manufacturing this week, while China also publishes data on trade, inflation and social financing. “We remain skeptical about the potential or any uplift of rebound on emerging-market growth or trade between now and year-end.”To Cut or Not to Cut? Last week, policy makers enacted a 50 basis-points cut in the Selic to 5% and signaled a same-size reduction in December; it sent a more cautious message about additional easing though. Swap rates rose, lifting the belly of the curve, to account for odds of a shorter-than-expected easing cycleThe October inflation print due on Thursday will also be on trader radars, as central bank forecasts for prices remain low. - Bloomberg

Source: The Edge Markets November 03, 2019 22:07 UTC