|Day's Range||97,083.07 - 98,237.80|
|52 Week Range||69,069.00 - 98,589.00|
While the Ibovespa has been the first among 47 equity benchmarks tracked by Bloomberg in claiming record highs this year, at 11.6 times forecast earnings, its multiple just matched the average over the past decade. Brazilian stocks deserve a higher multiple as efforts by new President Jair Bolsonaro to unleash market-friendly business policy will help sustain the economic recovery, according to Sequeira.
The Australia dollar is usually one of the major beneficiaries of a global “risk on” rally in markets like the one this year given its close economic ties to China. The latest decline came as Reserve Bank of Australia Governor Philip Lowe shifted to a neutral policy outlook as he acknowledged increased economic risks at home and abroad. Indeed, the nation’s economic data has been consistently falling below analysts’ forecasts since the beginning of December as measured by the Citi Economic Surprise Indexes amid a weakening housing market and high consumer debt loads.
Latin American stocks and currencies rallied on Thursday, powered by the U.S. central bank's promise to be patient in hiking interest rates, helping stocks post their best January in 13 years. Markets ...
Latin American stocks rose on Tuesday, outperforming world stocks that struggled to hold gains ahead of keenly awaited U.S.-Sino trade talks, earnings of top technology companies and an impending U.S. ...
Brazilian stocks have become one of Wall Street's favorite destinations for investing this year as investors bet on big changes taking place in Latin America's largest economy.
Brazil stocks scaled an all-time high on Wednesday and the currency firmed, boosted by the country's economy minister reiterating that much needed pension reforms remained the government's top priority, while a weaker dollar helped some other Latin American currencies rise. In Brazil, the real rose 1.3 percent and posted its biggest one-day gain in three weeks, while the benchmark Bovespa index scaled new highs with gains being broad-based. Brazil's economy minister Paulo Guedes told Bloomberg TV that pension reforms are the government's top priority and that more than half of the fiscal deficit will be cut with the reform.
Brazilian markets are off to a strong start in 2019. And while worries about much needed structural reforms remain, bullish analysts say a market-friendly government and supportive fundamental backdrop could make this year a doozy.
Most Latin American stocks rose on Thursday, with Brazil shares scaling new heights amid hopes that the new government's promised pension reforms plans may be revealed earlier than expected. The MSCI index ...
Itau Unibanco Holding S.A led the declines among financials, while Brazilian planemaker Embraer SA lost the most on the index after it lowered its revenue projection for 2018, hurt by fewer deliveries of executive jets and a runway testing incident with a new jet. Shares of Brazilian gun maker Taurus Armas SA, which does not trade on the benchmark, fell more than 10 percent after Brazil's government said it is contemplating opening the domestic market to foreigners. Latin American currencies meanwhile, weakened as the dollar benefited from the euro's fall after the British parliament rejected Prime Minister Theresa May's Brexit deal.
Latin American currencies fell against a strong dollar on Thursday after Federal Reserve Chairman Jerome Powell said the central bank intends to further shrink the balance sheet, suggesting it may not ...
Fed Chairman Jerome Powell may have just come up with a new one for market participants to debate: substantially. At the Economic Club of Washington, D.C., on Thursday, Powell said the central bank is sticking with its process of shrinking its balance sheet assets to a more normal level, which removes stimulus put into place to revive the economy after the financial crisis and recession a decade ago. The balance sheet, which reached a peak of $4.52 trillion before falling to a recent $4.06 trillion, “will be substantially smaller than it is now” though bigger than it was before the crisis, Powell said.
Latin American stocks broadly rose on Tuesday, with Mexico's benchmark index hitting a near two-month high on news of expected tax cuts for companies taking the IPO route, as global equities gained on ...
Latin American stock markets rallied on Friday with Brazil's benchmark index notching a record-high close for the third straight day as investors cheered fresh U.S.-China trade talks, a strong U.S. payrolls report and a perceived dovish stance from the U.S. Federal Reserve. Equities around the globe rallied as U.S. employment data pointed to economic strength and on news that China and the United States will hold trade talks in Beijing next week. Stocks surged further after U.S. Federal Reserve Chairman Jerome Powell said the central bank will be sensitive to the downside risks the market is pricing in.
Latin American currencies propped up against a weak dollar on Thursday, while stock markets in the region were subdued amid a gloom for global equities but Brazil stocks hit an all-time high on market optimism about the new government. MSCI's index for Latin American currencies rose the most in two months led by gains in the Argentinean peso as dollar fell with investors seeking the perceived safety of the Japanese yen after a shock revenue warning from Apple Inc exacerbated concerns about a Chinese and global economic slowdown. Stocks in Brazil's benchmark Bovespa index bucked the global trend to hit a record high for the second day in a row led by the banking and energy sector and as investors remained upbeat about expectations for policy reform by the country's new government headed by President Jair Bolsonaro.
The national security adviser to Brazilian President Jair Bolsonaro said on Thursday that the leader wants to move Brazil's embassy in Israel to Jerusalem, but that logistical considerations were standing in the way. Retired Army General Augusto Heleno, Bolsonaro's top adviser on security, did not elaborate.
President Jair Bolsonaro's far-right government launched a barrage of measures on its first day in office on Wednesday to crack down on crime and shrink the size of the state, sending Brazilian markets higher. Taking the helm of their ministries on Wednesday, Bolsonaro's cabinet unveiled sweeping plans to step up privatizations, toughen prison sentencing guidelines and hand control over indigenous land claims to the powerful Agriculture Ministry.
The more than 60 economists surveyed by Bloomberg don’t forecast gross domestic product falling below 2 percent until 2020. The widely followed cyclically adjusted price-to-earnings ratio developed by Yale University Professor Robert Shiller compares the S&P 500 Index with its average earnings over the previous 10 years to account for economic swings. The current CAPE ratio suggests that stocks are trading near their long-term average risk premium when compared with bonds, according to Bloomberg Intelligence.
Most Latin American indexes rose on Wednesday, tracking the rebound in U.S. equities and oil prices on a day when many global exchanges remained closed for Boxing Day, while currencies in the region weakened ...
Latin American currencies fell on Friday as the dollar recovered from one-month lows, while stocks in Brazil rose, led by gains in the consumer and materials sector, despite risk appetite for equities dimming globally. Mexico's peso fell 0.4 percent, a day after its central bank hiked its benchmark interest rate by 25 basis points citing inflationary pressure. The currency was however, still on track to post a fourth-straight week of gains with markets reacting positively to the new leftist government's budget earlier this week.