Bloomberg News

BRAZIL DAYBOOK: September Economic Activity Index, Petrobras

November 17, 2011

Nov. 17 (Bloomberg) -- Brazil’s seasonally adjusted economic activity index, a proxy for gross domestic product, is expected to be unchanged in September from the previous month, according to a Bloomberg survey with 20 economists, after contracting 0.53 percent in August.

The index will be released by the country’s central bank on its website at 12:30 p.m. local time.

WHAT TO WATCH: *Petroleo Brasileiro SA, Brazil’s state-controlled oil company, will hold an investors’ meeting in Sao Paulo at 10 a.m. *The weekly foreign exchange flow is released at 12:30 p.m. *Vale SA, Petroleo Brasileiro, Banco Bradesco SA and real estate companies will participate at event in New York. The event, hosted by Bradesco, starts at 9 a.m. local time. *The central bank’s economic activity index is released at 12:30 p.m.

GOVERNMENT: *Finance Minister Guido Mantega has private meetings in Sao Paulo. *Central bank President Alexandre Tombini has private meetings in Brasilia.

ECONOMY: *Serasa Experian, a leading consumer credit-rating firm in Brazil, releases the consumer credit default index at 8 a.m.

EQUITIES: *Banco do Brasil SA, Latin America’s largest bank by assets, sold $500 million of 5.25-Year notes yesterday. The sale was managed by Bradesco SA, Citigroup Global Markets Inc., HSBC Bank Plc and JPMorgan.

MARKETS: *The Bovespa index rose 0.5 percent to 58,559.99. *The real fell 0.2 percent to 1.7701 per U.S. dollar.

--Editor: Jonathan Roeder

To contact the reporter on this story: Lucia Kassai in Sao Paulo at lkassai@bloomberg.net

To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net


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