Brazil's Copom minutes and US PMI data set the tone for Tuesday's trading session

Investors digest the latest signals on Brazil's monetary path alongside fresh growth indicators from the US and Europe, as equity markets extend recent weakness.

By Handelsavisen Newsroom · Automated 2026-06-23 08:58 UTC · 1 min read

The trading agenda for Tuesday is dominated by the release of the minutes from the latest meeting of Brazil's Monetary Policy Committee (Copom).

The central bank's decision to cut the Selic rate by 25 basis points has already been priced in, but the accompanying minutes offer critical insight into the committee's forward guidance and the internal debate surrounding the pace of future easing.

Market participants will scrutinize the text for any signs of divergence among policymakers, which could influence expectations for the next rate move and impact the Brazilian real and local bond yields.

Simultaneously, attention shifts to the Atlantic as the latest Purchasing Managers' Index (PMI) data for the United States and Europe comes into focus.

These indicators serve as a primary gauge for economic momentum in the world's largest economies.

With European equity markets opening lower on Tuesday, extending the downturn that gripped US technology stocks and the Nasdaq on Monday, the PMI prints will be closely watched for evidence of resilience or further softening in demand.