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The Daily Roundup

Donald Trump wins US presidential election – S&P Global Ratings revises outlook upwards on Turkish banks – 3G Capital Inc raising funds for acquisition – National Bank of Poland keeps rates on hold – Bank of Thailand holds rates steady

Nov 9, 2016 // 5:43PM

Donald Trump has beaten Hillary Clinton to win the US Presidential election. The Mexican peso, which has tracked the US election inversely to Trump's rating in the polls, fell against the US dollar from 18.3226 yesterday to 20.7365 this morning. The dollar itself fell against the euro from 1.1026 yesterday to 1.1274 this morning.

S&P Global Ratings has revised the credit rating outlooks from negative to stable on Turkiye Is Bankasi, Turkiye Garanti Bankasi, Garanti Finansal Kiralama, Yapi ve Kredi Bankasi and Turkiye Vakiflar Bankasi.

Brazilian 3G Capital Inc is raising between US$8bn and US$10bn to finance the acquisition of a global consumer goods firm, Reuters claimed citing sources.

The National Bank of Poland has kept its key reference rate unchanged today at 1.5%, in line with market expectations.

Czech CPI rose 0.8% year-on-year in October, up from a 0.5% year-on-year rise in September the Czech Statistical Office reported. Market expectations were for a 0.6% hike, according to Trading Economics. This remains below the Central Bank's target range of 1-3%.

Chilean CPI rose by 2.8% year-on-year in October, down from a 3.1% year-on-year increase in September, according to the National Institute of Statistics, Chile. This is within the Central Bank's 2-4% target range.

Chinese CPI rose 2.1% year-on-year in October, up from a 1.9% year-on-year rise in September, figures from the National Bureau of Statistics of China show. This was in line with market expectations according to Trading Economics. Figures also show that Chinese PPI rose 1.2% year-on-year in October, up from a 0.1% year-on-year increase in the previous month. This was higher than market expectations of a 0.8% increase.

The Bank of Thailand has kept its benchmark interest rate unchanged at 1.5% at a policy meeting today.

Brazil's IPCA inflation rose 7.87% year-on-year in October, down from an 8.48% year-on-year increase in September, according to the Instituto Brasileiro de Geografica e Estatistica (IBGE).

Mexican CPI increased 3.06% year-on-year in October, up from a 2.97% year-on-year increase in September, figures from the Instituto Nacional de Estadistica y Geografia (INEGI) show. According to Trading Economics, this was below expectations of a 3.10% increase. The rate is still within the Central Bank's target of between 2-4%.

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