Brazil Hikes Interest Rates, Higher Than Expected

From Reuters:

Brazil's central bank on Wednesday evening lifted the Selic by 50 basis points to 8.0 percent in an unanimous decision announced hours before the start of a national holiday on Thursday, which shut financial markets.

Before the announcement of the decision, many economists and investors had bet policymakers would keep raising borrowing costs at a more modest pace while economic activity falters.

Of course, the obligatory Vale 5-day stock price:

3.91% drop for Vale, so far.

I suppose a Chinese interest rate hike could be next, which will release its PMI numbers tomorrow.  So that means we will have seen Markit's PMI, the OPEC meeting, US GDP numbers, a Brazilian interest rate hike and China's PMI numbers within about a week.