Week from the 29th of April to the 3rd of May

Most Outstanding Points of the Week

• In the United States, April nonfarm payrolls registered 175,000 jobs (vs. 240,000 expected), the smallest gain in six months. The unemployment rate rose slightly to 3.9%. 

• In the United States, the 1Q24 corporate reporting season is 72% complete, with 78% of the sample reporting higher earnings than expected and 56% reporting higher sales than expected.
  
• In China, services and manufacturing activities experienced a slowdown in their pace of expansion during April, suggesting a loss of momentum at the start of the second quarter.
  
• In Brazil, Moody’s reaffirmed the sovereign rating of Ba2 and changed the perspective to Positive from Stable.

Important Events in the Coming Weeks

• Export and inflation figures to be released in China 05/08 – 10
• In the U.S., several members of the FED will hold speeches 05/07 – 10

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