Five Triggers to Signal If Brazil’s World-Beating Rally Has Legs


Brazil’s Ibovespa wrapped up a third straight quarterly gain on Friday, capping a rally that makes it the world’s best-performing stock market this year. But for the gains to continue, many investors are saying they’ll need more than optimism and promises of a rebound.

Speculation that President Michel Temer’s administration could swoop in and fix Brazil’s problems — from getting a ballooning budget deficit under control to pulling Latin America’s biggest economy out of its worst recession in a century — has already propelled a 64 percent gain in stocks this year. In the final few months of 2016, attention turns to Congress to see if lawmakers are willing to go along with his plans.

Read more

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Powered by

Up ↑

%d bloggers like this: