This week you should pay carefully attention to Brazilian Government and emerging markets Central Bankers’ news

We have been talking about the importance of Brazil in the emerging markets, especially considering the upcoming opportunities due to events such as World Cup and Olympic Games as well as the current economic situation. Even affected by economic crisis in Euro zone and USA, Brazil has just reported stronger February manufacturing results with PMI index increasing to 51.4. Also Government announced measures to contain US dollar currency devaluation, extending from 2 to 3 years the IOF (financial transaction tax) to loans, which should support local producers and manufacturing to continue being competitive in Export and also in local market as dollar weakness increases the competitiveness in both sides.

Now, we should pay attention to this week news, as Brazil should report next Tuesday, the 06th the GDP figures for fourth quarter and full year as well as on next Wednesday, the 7th The Brazilian Central Bank is expected to lower the SELIC target rate from 10.5 to 10.0%.

Get to know those numbers that will help us to understand how Brazil is being affected by the Global economic crisis and the actions taken to continue supporting their growth, so we can understand possible (if any) impact in our emerging markets portfolio.

Central Bankers / Government of Colombia, China, Korea, Peru and Indonesia are also set to release news on rates and economic situation for consumers / producers this week. Good listening !!!!