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São Paulo, Brazil Local 17:02 · Thu · working now São Paulo's Thursday afternoon is oil beta versus duration: Petrobras still finds a bid as Brent climbs toward about $94 on Trump's Iran economic push, but Ibovespa struggles to hold the rebound once Treasuries reprice higher after Bessent's CNBC appearance. A bank-branch strike leaves Pix and digital rails running — the strike is optics more than settlement risk — while election-year fiscal nerves and foreign outflows keep the real soft. For B3, the session is whether commodity strength can outlast another day of U.S. long-end stress into the October vote.
Estadão — Ibovespa and oil · Valor — Treasuries after Bessent
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Buenos Aires, Argentina Local 17:02 · Thu · working now Buenos Aires Thursday is FX calm against street heat: the official Nación sale holds near 1,515 and the blue near 1,560, with MEP and CCL still tight to the parallel — Caputo's 1,500 defense is holding even as Iran's oil spike imports inflation risk rather than an export windfall. Unions march on household delinquency near 13% while Plaza de Mayo is sealed under the anti-picket protocol. For the City porteña, the afternoon is whether the parallel stays quiet while the political cost of disinflation shows up on the pavement.
Clarín — dollar and blue · La Nación — debt march security
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New York, United States Local 16:02 · Thu · working now Midday New York is watching Wednesday's buyback relief unwind into a consumer and duration shock: Walmart plunges on soft U.S. comps even as it beats the headline numbers, the 10-year rebounds toward about 4.71%, and Bessent tells CNBC the Iran campaign will be the toughest sanctions in history — allies and China with us or against us. Public debt at $40 trillion is the political echo of the same bond stress. For the peak-volume desk, the session is whether Treasury plumbing can hold while energy inflation and retail stress hit the same screen.
Bloomberg — Walmart and yields · CNBC — Bessent Iran plan
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Toronto, Canada Local 16:02 · Thu · working now Bay Street's Thursday is a trade-clock story overlapping with energy beta: Trump pauses 50% Section 338 tariffs for three days and floats a tentative deal Carney still calls unfinished, while reports of halved steel and aluminum duties lift the loonie even as auto math stays sticky. Energy still finds a bid on Brent's Iran premium, but rebounding U.S. yields leak into Canadian provincial funding costs. For Toronto, the session is whether a weekend deadline can deliver more than a pause while duration stress caps the CAD upside.
CBC — tariff pause · Globe — trade talks and bonds
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Bogotá, Colombia Local 15:02 · Thu · working now Bogotá's Thursday politics-markets brief is the emergency decree: President De la Espriella formalizes economic and social emergency powers for 30 days across quake-hit departments, nine days after the 7.4 shock, with reconstruction losses framed near 30 trillion pesos — about 1.5%–1.8% of GDP. Bogotá's hospital grid absorbs transfers while markets watch temporary taxes and royalty draws against the fiscal path; the peso nonetheless firms on remittances and aid. For the Andean hub, reconstruction fiscal space and energy inflation are now the same conversation.
El Tiempo — emergency decree · La República — peso toward 2,900
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Mexico City, Mexico Local 14:02 · Thu · working now Mexico City's Thursday open inherits Wednesday's superpeso bounce under 17 after Treasury doubled long-dated buybacks — then has to defend it as Wall Street yields rebound and oil keeps an inflation bid. Sheinbaum leans on record FDI to argue tariffs have not stalled investment, while the ASF probes UNAM's botched admissions platform. For the manufacturing hub, the session is whether FX calm survives another day of U.S. duration stress and Hormuz energy premium more than Banxico's pause.
Milenio — peso Aug 20 · El Economista — peso under 17
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Chicago, United States Local 15:02 · Thu · working now Chicago's Thursday complex is pricing two wars at once: WTI holds the mid-80s on Hormuz risk while wheat finds a Black Sea squeeze and corn still trades ProFarmer's mixed Midwest tour. A Supreme Court freight ruling jolts Illinois logistics hubs just as home prices post their biggest jump in over five years. For the CME desk, energy inflation and agri supply shocks keep feeding the same duration story New York is fighting.
Reuters — Black Sea wheat · Crain's — home prices
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Los Angeles, United States Local 13:02 · Thu · working now Los Angeles Thursday is ports-versus-studio-versus-City Hall: the Port of LA's second-best July haul shows retail and AI-data-center cargo still moving, while a county study flags local film output at risk in a Paramount-Warner combination. Bass and Raman open the November runoff over homelessness and police costs just as Council rolls back Hollywood-area camping bans. For the Pacific rim desk, trade volume is holding while Hollywood's employment floor and mayoral politics soften together.
LAist — Bass-Raman debate · THR — Paramount-Warner study
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San Francisco, United States Local 13:02 · Thu · working now San Francisco Thursday is still AI first: OpenAI paces a 2027 listing while Anthropic may file sooner, and that private wealth already shows in over-ask home bids even as Nasdaq softens when the 10-year tests AI valuations. Bay Area federal races get noisier with AIPAC spending, but the equity and housing tape still price the IPO pipeline more than City Hall. For the last hub of the global week, the afternoon is duration risk versus the AI wealth loop.
CNBC — OpenAI IPO timing · CNN — AI wealth and SF housing
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Johannesburg, South Africa Local 22:02 · Thu · after hours Johannesburg's after-hours brief is a split screen: gold and coal names are still generating cash — Exxaro and DRDGOLD both posted solid updates — while the metro's own balance sheet and coalition churn are framed as a national growth risk ahead of November locals. That mix keeps SA equities sensitive to dollar and Treasury swings even as miners talk through longer regulatory clocks on critical-mineral deals. For Jo'burg, miner beta and municipal politics are the twin tapes.
Business Day — CDE Joburg report · Mining Weekly — Exxaro half-year
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Frankfurt, Germany Local 22:02 · Thu · after hours Frankfurt's after-hours read is soft risk: the DAX slipped through 26,000 on elevated Bund yields and another leg higher in oil tied to Trump's Iran economic-war talk. That same energy shock is why German growth forecasts keep getting cut and why mid-August gas storage near 50% is now a winter-politics story as much as a markets one. For the export hub, Hormuz premium and duration stress are the twin brakes on the summer rally.
Handelsblatt — DAX under 26,000 · DW — German gas storage
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Paris, France Local 22:02 · Thu · after hours Paris equities finished a weak eighth session in a row with Brent near $94 and luxury names soft on China demand reports — leaving CAC exposed to both Gulf geopolitics and consumer China. Domestically, the Fillon Legion suspension is a political marker more than a market mover, while heat-driven power spikes remind investors that French nuclear thermal limits can still reprice near-term electricity. For after-hours Paris, oil and China are the twin weights.
Les Echos — CAC close · AFP — Trump Iran economic war
