Today’s highlight: The tax reform speech and the holiday in the US

[04/07/24] The 4th of July holiday closes markets in the US today, while in Europe, the United Kingdom goes to the polls for a general parliamentary election and the ECB publishes the minutes of its last monetary policy meeting.

Here, with reduced liquidity, the June trade balance (3pm) stands out among the indicators, forecast to be USD 5.6 billion.

But the news, announced by Haddad last night after a meeting of economy ministers with Lula, could not be better. “The President determined that this framework must be preserved at all costs and allowed R$25.9 billion in mandatory spending cuts in the 2025 budget.” (Rosa Riscala)

👉 Check out today’s agenda below

▪️ America: Holidays Holiday markets are closed
▪️ UK: General Election to Parliament

indicators
▪️ 08:30 – Germany: ECB publishes minutes of monetary policy meeting
▪️ 10:00 am – Anfavia: June Automotive Manufacturing
▪️ 3:00 pm – MDIC releases trade balance for June followed by press conference

events
▪️ 10:00 am – GT delivers speech on Tax Reform Ordinance
▪️ 11:00 am – BC: Odavio Damaso gives an interview on Open Finance