Brazilian Economist: The USD/BRL is expected to reach 4.95 by the end of 2024; it was previously expected to be 4.95.

Brazilian economists: The SELIC interest rate is expected to be 9% at the end of 2024, compared with the previous forecast of 9%; the SELIC interest rate is expected to be 8.50% at the end of 2025, compared with the previous forecast of 8.50%.

Brazilian Economist: Brazil’s GDP growth is forecast to be 1.85% in 2024, compared with the previous forecast of 1.80%; GDP growth is forecast to be 2% in 2025, the same as the previous forecast.

Brazilian Economist: The Brazilian inflation rate is predicted to be 3.75% in 2024, compared with the previous forecast of 3.79%; the inflation rate is predicted to be 3.51% in 2025, compared with the previous forecast of 3.52%.

The Central Bank of Poland will hold a press conference in Warsaw at 2:30 pm local time.

Israeli President: Hamas leader Sinwar is key to freeing hostages.

Israeli President: Hamas leader Sinwar must be captured to bring hostages home.

Ship tracking data shows that at least 10 commercial ships bound for the Port of Baltimore in the United States broke down in nearby waters.

Syrian Presidential Palace: The Syrian President was invited to attend the Arab League Summit in Bahrain on May 16.

French Defense Minister: Production capacity may be requisitioned to speed up weapons production, especially to support Ukraine.

Brazil’s central bank: It has discussed smaller interest rate cuts in the future.

Brazilian Central Bank: There is heightened uncertainty and restrictive interest rates still need to be maintained.

Market news: Poland’s ruling party proposed a motion to investigate the central bank governor.

The Hong Kong Monetary Authority lent HK$900 million to banks through the discount window.

Market news: The Thai government agreed to increase the minimum wage to 400 baht in 10 provinces.

Baltimore Fire Chief: Two people were rescued from the water and the search and rescue is still active. At least 7 people may be being searched for.

White House: No signs of malicious intent in Baltimore bridge collapse.