Brazil

Brazilian Real Tumbles After Senate Rejects Landmark Labor Reform Bill

Brazil's landmark labor reform bill, intended to relax the country's restrictive labor laws and a main plank of embattled President Michel Temer's efforts to bolster investment and pull the economy out of its worst recession ever and widely seen as the country's second most important reform agenda after the Pension bill, was unexpectedly rejected by a special committee in Brazil's senate, with 10 votes against it, 9 in favor and 1 abstention. 

Emerging Markets Are Not All Created Equal

Although emerging markets are similar in that they have high expectations for growth, it’s important to remember that these countries have very unique and different sets of risks.

Key Events In The Coming Busy Week: US Payrolls; Eurozone Inflation And Fed Speakers

Focus in this holiday-shortened week will turn to US data, especially NFP, Fed speakers and Eurozone inflation. UK PMIs will also draw attention as elections approach. We also get GDP data from Canada, Sweden and Switzerland. On Monday, Euro FX and bond markets will be on Mario Draghi alert on Monday as the ECB president speaks to the European parliament.

Smartphone Addiction Tightens Its Global Grip

How long is it since you last used your phone? Chances are, you're using it right now to view this post. Analysts from Statista's Digital Market Outlook have revealed that the amount of time we're spending with our smartphones online has increased substantially over the last few years.