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🌏 Brazil cools, India stockpiles, Korea sours as EM splits into three different trades

🌏 Brazil cools, India stockpiles, Korea sours as EM splits into three different trades

Brazil's IPCA cooled to 4.64% year-on-year in June, below the 4.80% forecast. India's bank credit growth accelerated to 18.6% and foreign reserves rose to $674.19bn. South Korea's consumer sentiment fell further below the neutral 50 line as tariffs weigh on exporters.

Horizontal bar chart of monthly percentage variation by groups for Brazil in June 2026, showing categories like Índice geral, Alimentação e bebidas, and Habitação.
Brazil's June IPCA inflation eased to 4.64% year-on-year below the 4.80% consensus, potentially giving the central bank more room to cut rates. Source

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