BRICS Summit

The BRICS is an intergovernamental organization comprising Brazil, Russia, India, China and South Africa (founding members) and Iran, Egypt, Ethiopia, and the United Arab Emirates (new members). The bloc, which intends to give voice the so-called "Global South", is seen as a counterweight to the G7, the group developed economies formed by Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. The BRICS members hold and annual summit, which each state goverment leader attends to.

Most recent - Thursday 24 October 2024 00:00

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Past events

Date
Thursday 24 October 2024 00:00
Wednesday 23 October 2024 00:00
Tuesday 22 October 2024 00:00

Economic context

Recent economic data has been strongly bearish for CNY. The following recent announcements may affect the market reaction to BRICS Summit:

PreviousLatest
Industrial Production (YoY)Bearish change5.4%5.3%
Retail Sales (YoY)Bullish change3.2%4.8%
Consumer Price Index (MoM)Bearish change0%-0.3%
Consumer Price Index (YoY)Bearish change0.4%0.3%
Producer Price Index (YoY)Bearish change-2.8%-2.9%

About BRICS Summit

Country:China
Currency:CNY
Source:
Category:Politics
Frequency:Irregular
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