Brazil savings deposits up 7 bln reais in Oct, lowest since COVID-19
BRASILIA, Nov 6 (Reuters) – Brazilian savings accounts grew by 7 billion reais ($1.3 billion) in October, central bank figures showed on Friday, almost half the previous month’s and the lowest since the COVID-19 pandemic triggered a huge squeeze on consumer spending.
It was the eighth consecutive monthly increase in savings deposits but the smallest of all, and a sharp reduction from May’s record 37.2 billion reais.
Net deposits in the first 10 months of the year stand at 144.2 billion reais, compared with 6.3 billion reais in outflows in the same period last year, central bank figures showed.
Van Drew, Who Switched Parties and Backed Trump, Keeps N.J. House Seat
Jeff Van Drew, a Republican congressman who defected from the Democrats, beat back a challenge from a former schoolteacher who is married to a Kennedy nephew.
By Patrick McGeehan and Tracey Tully
European Economics Preview: Eurozone Final Factory PMI Data Due
Factory Purchasing Managers’ survey results from euro area are due on Monday, headlining a light day for the European economic news.
At 3.00 am ET, unemployment from Austria and manufacturing PMI data from Norway, Poland and Hungary are due.
At 3.15 am ET, Spain’s manufacturing PMI data is due. Economists forecast the index to rise to 51.0 in October from 50.8 in the previous month.
At 3.45 am ET, IHS Markit releases Italy’s manufacturing PMI data. The index is expected to climb moderately to 53.5 in October from 53.2 a month ago.
Thereafter, final PMI results are due from France and Germany at 3.50 am and 3.55 am ET, respectively.
At 4.00 am ET, IHS Markit is slated to issue euro area final manufacturing PMI data. The PMI is expected to rise to a 26-month high of 54.4 in October, as initially estimated, from 53.7 a month ago.
Half an hour later, UK factory PMI data is due. The index score is seen at 53.3 in October, in line with preliminary estimate.
Oil Futures Settle Sharply Lower For The Day, But Gains 4.5% In Week
Crude oil futures ended sharply lower on Friday, weighed down by rising concerns over outlook for energy demand due to the continued surge in coronavirus cases across the U.S. and in several European countries.
Higher output from Libya weighed as well.
West Texas Intermediate Crude oil futures for December ended down $1.65 or 4.3% at $37.14 a barrel.
Brent crude futures were down $1.52 or 3.7% at $39.41 a barrel.
Despite today’s weakness, WTI Crude and Brent futures gained 4.5% and 6%, respectively this week.
According to reports, U.S. saw a surge of over 120,000 new cases of coronavirus infections on Thursday, recording an increase of over 100,000 cases for a second straight day.
The continued impasse over a stimulus package too hurt.
A report from Baker Hughes showing another increase in U.S. drilling rigs count added to oil’s woes. The report said total active drilling rigs in the U.S. increased for the eighth week in a row, rising to 300 (up 4) this week.
U.S. oil rigs added 5 to 226, while gas rigs count fell by 1 to 71.
The likelihood of OPEC and allies delaying an earlier proposal of increasing crude output by 2 million barrels from January helped limit oil’s downside.
New Hyundai i20 launched on November 5
Hyundai launched the new i20 in India on November 5. Bookings for the car are currently open. Customers can book the new i20 for ₹21,000 at their nearest Hyundai dealership or on the company’s online retail platform. Compared to the outgoing car, the new i20 gets a sharper and sportier overall styling with a wider ‘cascading grille’ design, new headlight and DRL design along with new tail lights and angular Z-shaped LED inserts.
Under the hood, the all-new i20 will come with two petrol and one diesel engines option: a 1.2-litre naturally aspirated petrol, a 1.0-litre turbo-petrol and a 1.5-litre diesel. The 1.2-litre engine will come with the option of both a 5-speed manual and Hyundai’s iVT automatic gearbox. The 1.0-litre unit meanwhile will come with either a 7-speed DCT automatic or an iMT (clutchless manual) gearbox. The 1.5 diesel will likely come paired with a 6-speed manual gearbox.
Hyundai plans to pack the new i20 with a lengthy features list, with the hatchback getting a large 10.25-inch touchscreen infotainment system with Android Auto, Apple CarPlay and Hyundai’s ‘BlueLink’ connected car features. In its higher trims, the new i20 is also expected to get a digital instrument cluster, wireless phone charger, ambient lighting and even ventilated front seats.
At launch, the new Hyundai i20 will be available in four trim-levels – Magna, Sportz, Asta and Asta (O).
Georgia Senate Candidate Releases Cutest ‘Attack’ Ad: ‘By The Way, I Love Puppies’
Democratic Georgia Senate candidate Raphael Warnock harnessed the cuteness of puppies to poke fun at the attack ads he predicted Trump acolyte Sen. Kelly Loeffler (R) will launch against him before their January runoff election.
A spoof spot that Warnock, the senior pastor at Atlanta’s famed Ebenezer Baptist Church, released on Thursday imagined one such critical ad. The parody mockingly accused Warnock of such atrocities as eating pizza with cutlery, stepping on a crack in the sidewalk and hating dogs.
“Get ready Georgia, the negative ads are coming,” Warnock warned. “Kelly Loeffler doesn’t want to talk about why she’s for getting rid of health care in the middle of a pandemic so she’s going to try and scare you with lies about me.
“I’m staying focused on what Washington could do for you,” Warnock continued.
“And by the way, I love puppies.”
Check out the ad here:
Warnock later asked his followers on Twitter to share their own dog photos:
And they obliged: