|Bid||43.69 x 118400|
|Ask||43.70 x 2000|
|Day's Range||43.66 - 43.76|
|52 Week Range||33.94 - 43.80|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.72%|
The benchmark Selic interest rate in Brazil has been shaved from a high 13.75% at the start of the year to 10.25%, and more is in store next week given favorable inflation conditions. Very favorable current inflation conditions and the BCB’s successful anchoring of inflation expectations at the recently announced lower inflation targets bode well for the Bank’s forecasts.
Yawn if you must: there are three things have changed underscoring why investors should still be bullish on Asia and emerging markets stocks as they hit fresh 52-week highs, according to Bank of America Merrill Lynch strategists. Stability in China is a big factor for equity strategists Ajay Singh Kapur, Ritesh Samadhiya and Aritra Baksi, who, in a report titled "Hello Goldilocks! Bullish on Asia/EM Equites," write: "While we have been structurally bullish on Asia/emerging markets (EMs) since April-2016, we have been tactically neutral since late February. ... New information is in, and we are reverting back to both tactically and structurally bullish on Asia and emerging markets.
With a slight move lower in consumer price data released Wednesday, the South African Reserve Bank (SARB) is likely to reduce its policy interest rate Thursday, Societe Generale says. SocGen Analyst Phoenix Kalen writes: " ... the reserve bank's prudently hawkish rhetoric [has been] espoused over many previous rate-setting meetings. Importantly, we believe that the SARB will likely revise lower its average headline and core inflation forecasts for this year and next year.