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Top related persons:
Simone Tebet - 1 Goldman Sachs - 1 Luiz Inacio Lula da Silva - 1 Lucas Toro - 1 Toro Investimentos - 1 Roberto Campos Neto - 1 Marcela Ayres - 1 Bernardo Caram - 1
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BRASILIA Brazilian
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Gross - 1 IBGE - 1 U.S . - 1 Finance Ministry - 1 Thomson - 1

Search resuls for: "Toro Investimentos"


2 mentions found


☆ Brazil lifts 2023 growth outlook thanks to booming farm sector
  + stars: | 2023-06-01 | by ( Marcela Ayres | ) www.reuters.com   time to read: +3 min
BRASILIA, June 1 (Reuters) - Brazil's economy rebounded more than expected in the first quarter, powered by a booming farm sector and paving the way for a rosier annual outlook despite a drag from high interest rates. Gross domestic product (GDP) expanded by 1.9% in the three months through March after a revised 0.1% drop in the prior quarter, data from government statistics agency IBGE showed on Thursday. The Brazilian real strengthened 0.5% against the U.S. dollar and the benchmark Bovespa stock index (.BVSP) rose 0.6%. Goldman Sachs adjusted its 2023 GDP growth forecast to 2.6% from 1.75% after the first-quarter data, citing the additional help of net exports and inventory accumulation. XP economists indicated an upward revision of their current 1.4% growth outlook, forecasting market expectations to keep rising to the range of 2.0% to 2.5%.
Persons: Simone Tebet, Goldman Sachs, Luiz Inacio Lula da Silva, Lucas Toro, Toro Investimentos, Roberto Campos Neto, Marcela Ayres, Bernardo Caram, Brad Haynes, Steven Grattan, Sriraj Organizations: Gross, IBGE, U.S ., Finance Ministry, Thomson Locations: BRASILIA, Brazilian
☆ Brazil markets slump on incoming government's budget proposal
  + stars: | 2022-11-17 | by ( Gabriel Araujo Luana Maria Benedito | Gabriel Araujo | Luana Maria Benedito | ) www.reuters.com   time to read: +3 min
SAO PAULO, Nov 17 (Reuters) - Brazilian markets slumped on Thursday after the incoming administration of President-elect Luiz Inacio Lula da Silva proposed exempting some 175 billion reais ($32 billion) from the spending cap on next year's budget to pay for welfare programs. Lula's transition team late on Wednesday proposed to lawmakers guidelines for a constitutional amendment that would set a spending cap waiver to secure welfare programs, though without establishing how long the waiver would last. "The stock market will fall, the dollar will rise (against the real). The dollar doesn't rise and the stock market doesn't fall because of serious people, but because of those speculating every single day," he said. Helder Wakabayashi, an analyst at Toro Investimentos, said that markets would remain pressured at least until the incoming government proposes a deadline for the spending cap waiver.
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