π Brazil's external accounts are self-financing while Singapore's semiconductor output rolls over
The day in view
π Brazil's external accounts are self-financing while Singapore's semiconductor output rolls over
Brazil's May FDI hit $7.97bn against a $5.75bn forecast, the current account came in under consensus, and unemployment held at 5.6%. Singapore industrial production decelerated to 13.0% year on year from 16.5%, with a monthly contraction that looks like a cycle turn.