美国可可 (Cocoa) 加自选

巴西为受美国关税影响的公司提供19亿美元的新信贷额度。巴西国家开发银行BNDES周五宣布，为受美国高额关税影响的公司提供100亿雷亚尔（18.5亿美元）的新信贷额度。

Brazil unveils new $1.9 billion credit line for companies hit by US tariffs.Brazil's state development bank BNDES announced on Friday a fresh credit line of 10 billion reais ($1.85 billion) for companies affected by steep U.S. tariffs.

周五，Ibovespa指数飙升2.6%，收于137968点，在美联储主席杰罗姆·鲍威尔（Jerome Powell）的杰克逊霍尔（Jackson Hole）言论提高了9月份在美国劳动力市场降温迹象下降息的可能性后，全球风险反弹推动该指数达到一个多月高点。主要银行领涨，巴西银行、桑坦德银行、Itaúsa和Bradesco上涨2.6%至4.4%，而对更容易融资的希望也提振了大宗商品股，使淡水河谷上涨约2.5%。圣保罗交易所本周上涨1.2%。

The Ibovespa surged 2.6% to close at 137,968 on Friday, reaching over one-month highs propelled by a global risk rally after Fed Chair Jerome Powell’s Jackson Hole remarks raised the odds of a September rate cut amid signs of a cooling US labor market. Major banks led the advance with Banco do Brasil, Banco Santander, Itaúsa and Bradesco rising between 2.6% and 4.4%, while hopes for easier financing also buoyed commodity names and lifted Vale about 2.5%. For the week the São Paulo exchange posted a gain of 1.2%.

2025年第二季度，秘鲁经济同比增长2.8%，较前一时期的3.9%略有放缓，这标志着在国内需求强劲（6.0%）的支撑下，秘鲁经济连续第六年实现增长。受就业率上升和劳动收入增加的推动，私人消费有所放缓（第一季度为2.9%对3.8%）。政府支出也有所下降（3.7%对4.7%），这得益于公共行政和国防以及公共教育和公共卫生支出的增加。固定投资总额增长更快（7.8%对4.0%），公共和私人投资分别增长3.2%和9.8%。与此同时，净贸易对GDP的贡献不大，出口增长2.7%，进口增长13.9%。按行业划分，产出增长主要集中在制造业/转型（3.0%）、服务业（2.8%）和采掘业（1.3%）。经季节性调整后，经济增长了0.5%。

Peru's economy expanded 2.8% year-on-year in Q2 2025, slowing slightly from 3.9% growth in the previous period and marking the sixth consecutive yearly expansion, supported by strength in domestic demand (6.0%). Private consumption eased (2.9% vs 3.8% in Q1), driven by higher employment and increased labor income. Government spending also eased (3.7% vs 4.7%), fueled by higher expenditures on public administration and defense, as well as on public education and public health. Gross fixed investment increased faster (7.8% vs 4.0%), with public and private investment rising by 3.2% and 9.8%, respectively. Meanwhile, net trade contributed modestly to GDP, as exports rose 2.7% and imports increased 13.9%. By sector, output grew mainly in manufacturing/transformation (3.0%), services (2.8%), and extractive industries (1.3%). On a seasonally adjusted basis, the economy grew by 0.5%.

巴西雷亚尔兑美元汇率突破5.42，回落至8月12日的近一年高点5.39，此前美联储主席杰罗姆·鲍威尔暗示9月杰克逊霍尔可能降息，导致美元大幅下跌。DXY的疲软，再加上巴西-美国收益率差距仍然很大，因为Selic仍为15%，使短期结转至雷亚尔更具吸引力，并将资本撤回当地市场。然而，政治和财政风险继续笼罩着前景。最高法院关于外国法律不适用于国内的裁决被广泛解读为加剧了巴西与美国之间与马格尼茨基相关制裁和华盛顿对巴西商品征收50%关税的僵局，引入了法律不确定性，使风险溢价居高不下。

The Brazilian real strengthened past 5.42 per US dollar, moving back toward the near one-year high of 5.39 seen on August 12th as the dollar slid sharply after Fed Chair Jerome Powell signalled the possibility of a September rate cut at Jackson Hole. That DXY weakness, paired with a still-wide Brazil US yield spread because the Selic remains at 15%, made short-term carry into reais more attractive and drew capital back into local markets. However, political and fiscal risks continue to cloud the outlook. A Supreme Court ruling that foreign laws do not apply domestically was widely read as hardening the Brazil US impasse tied to Magnitsky related sanctions and Washington’s 50% tariff package on Brazilian goods, introducing legal uncertainty that keeps risk premia elevated.