Citi
July 1, 2026
The Point for Latin America
Daily UpdateCryptoEquitiesMacro Economic IndicatorsConsumer StaplesEnergy
This report covers various company and industry updates across Latin America, including developments for MercadoLibre, B3, and Tenda, alongside macroeconomic commentary on Brazil's interest rates and global digital asset trends.
Key Takeaways
- 1.The Selic interest rate calibration cycle in Brazil is likely finished due to an inflation outlook that has worsened.
- 2.Bitcoin and Ethereum forecasts were reduced due to a lack of investor risk appetite and negative ETF flows.
Table of Contents
- Company
- Industry
- Strategy & Economics
- Global
- Key Rating and Target Price Changes
- Appendix A-1
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Authors
João Pedro SoaresLeandro Bastos
Securities
MELIB3SA3.SABTC
Themes
Crypto Market SentimentInterest Rate Stability
Regions
Latin AmericaBrazilMexicoUnited States
