Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
|Day's Range||63,378.73 - 64,371.80|
|52wk Range||37,046.00 - 64,372.00|
|Avg Vol (3m)||3,386,061|
- Barrons.com•4 days ago
Brazil's central bank lowered the benchmark Selic interest rate to a still-high 14%, but the move marks a turning point in monetary policy. Michael Shaoul at Marketfield Asset Management assesses Brazil's rate cycle and concludes the equity market could be undervalued, taking into account that Brazil currency weakness against the U.S. dollar has contributed mightily to dollar returns for Brazil investors this year. The iShares MSCI Brazil Capped exchange-traded fund (EWZ) is up 80% in 2016, with global commodity prices recouping "a good portion of their 2016 losses" but still "down very sharply from their 2014 levels." In addition, Brazil has a new leader who can push through reforms.
- Bloomberg•4 days ago
Read Brazil’s central bank statement after its rate cut on Wednesday and there will be little doubt that an easing cycle has finally begun in Latin America’s largest economy. Any clue though on how deep ...