EZB8RISK / Market Briefing

Brazil and the US set up a working group to negotiate tariff reductions and explore a potential trade agreement, a constructive step for the EWZ's export outlook. The mood stays mi

Brazil and the US set up a working group to negotiate tariff reductions and explore a potential trade agreement, a constructive step for the EWZ's export outlook. The mood stays mixed, though, as China's steep new beef tariff weighs on a key export channel and election uncertainty lingers. Meanwhile, NU spiked on UK deal chatter before the company said it is not pursuing a deal with Monzo, a reminder of how quickly narrative can outrun price action.

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