Mantega Speaks in New York, Central Bank Survey

Brazilian Finance Minister Guido Mantega and Petroleo Brasileiro SA’s Chief Financial Officer Almir Barbassa will speak at a Brazilian-American Chamber of Commerce event in New York, starting at 8 a.m. New York time.

WHAT TO WATCH: *The central bank releases a weekly survey of about 100 economists on expectations for the country’s inflation, growth and interest rates. Forecasts for 2011 inflation rose in the past five surveys. 8 a.m. *The remark by Brazil’s central bank chief that the country is “in the middle of a tightening cycle” wasn’t intended to convey any message about the cycle’s length or scale, a government official said. *President Dilma Rousseff is back to Brasilia after visiting China last week. *Vale SA’s executives may meet officials of the Argentine province of Mendoza to discuss a Potash mine project.

ECONOMY: *FGV weekly consumer price index IPC-S at 8:00 a.m. *Weekly trade balance at 11:00 a.m.

EQUITIES: *OGX (OGXP3 BZ) said potential crude and natural gas resources fell to 6.5 billion barrels *Petrobras (PETR4 BZ) suspended increase in natural gas prices, Estado reported *CPFL (CPFE3 BZ) is in talks to buy renewable energy company ERSA, Estado reported *Lojas Americanas (LAME4 BZ) Sold 500 million reais of promissory notes

MARKETS *The Bovespa gained 0.6 percent to 66,684.21 *The real rose 0.1 percent to 1.5762 per U.S. dollar