Brazil's financial markets rose on Wednesday, with the Bovespa stock index boosted by a fuel price increase at state-run oil firm Petrobras and the currency up on a potential shake-up in President Dilma Rousseff's cabinet. Other Latin American financial markets rose as well as investors took advantage of historic lows in asset prices. Preferred and... Continue Reading →

Rousseff's Approval at Record Low in Brazil as Economy Slips Carla Simoes Raymond Colitt/Bloomberg September 30, 2015 — 10:26 AM BRT Dilma Rousseff’s popularity remained at a record low in an Ibope public opinion survey as the Brazilian president seeks support to fend off impeachment attempts and to approve austerity measures needed to shore up... Continue Reading →

Brazil’s real headed for its first back-to-back gain in three weeks as the state-controlled oil company said it would raise fuel prices, signaling that policy makers may need to lift interest rates further to combat inflation. One-month implied volatility was the highest in emerging markets as the currency advanced 1.9 percent to 3.985 per dollar... Continue Reading →

Brazil’s central government primary budget deficit shrank last month, beating estimates made by analysts who expected fiscal accounts to deteriorate. The gap, which excludes interest payments as well as municipalities and government-run companies, was 5.1 billion reais ($1.3 billion) in August, Brazil’s Treasury reported Tuesday. The median estimate of 22 economists surveyed by Bloomberg was... Continue Reading →

The US dollar closed at R$4.10. The market is trying to verify if the Brazilian Central Bank will really intervene by selling international reserves. Furthermore, fears that another rating agency might downgrade the sovereign credit standing returned along with the lack of credibility that congress will pass the fiscal package necessary to shore up the... Continue Reading →

Fitch on Brazil: 2-notch rating downgrade not usual SAO PAULO, SEPT 28\2015 Reuters A Fitch Ratings director on Monday practically ruled out the possibility of Brazil losing its investment grade during its next rating revision by saying the ratings agency "does not usually" give two-notch downgrades, barring exceptional cases. Rafael Guedes, Fitch's managing director for... Continue Reading →

The real depreciated 0.6 percent to 3.9999 per dollar at 9:24 a.m. in Sao Paulo. Swap rates on the contract maturing in January 2017, a gauge of expectations on interest-rate moves, rose 0.14 percentage point to 15.73 percent. Brazilian policy makers stepped up support for the real last week after the currency reached record lows.... Continue Reading →

Brazil analysts raised their estimate for inflation next year for the eighth straight week on expectations of a weaker real in 2015. Inflation next year will reach 5.87 percent, up from the previous estimate of 5.7 percent, according to the Sept. 25 central bank survey of about 100 analysts. The analysts predicted that the benchmark... Continue Reading →