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Banks Defy Woes To Drive Brazil ETF Higher
Monday, August 15, 2016 - 8:27am | 689The iShares MSCI Brazil Index (ETF) (NYSE: EWZ) is up nearly 68 percent this year, easily making it one of 2016's best performing single-country exchange-traded funds, emerging markets or otherwise. Commodities And Politics Among the catalysts often cited for EWZ's resurgence are rebounding...
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Is Brazil's Investment Climate Improving? BRF SA Stands To Benefit
Tuesday, July 19, 2016 - 11:46am | 336Contrary to public belief, Brazil's investment climate may be improving. According to Trading Economics, Brazil recorded a capital and financial account surplus of USD$1720.30 million in May of this year. While Brazil's economy underwent a great recession last year, that...
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Rebounding EM Currencies Lift This Bond ETF
Friday, May 6, 2016 - 3:00pm | 518Rebounding commodities prices and a weaker dollar have been cited as driving factors for several well-known asset classes and sectors this year. Previously downtrodden emerging markets currencies are soaring this year with plenty of help from the two aforementioned catalysts. As a result, emerging...
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Brazil From The Ground, Part 2: What Millennials Think Of The Crisis
Sunday, April 3, 2016 - 5:02pm | 1755As the Brazilian real depreciated and corruption scandals linked high level government officials – many of which have been arrested – to massive bribery cases at state-controlled oil company Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) (NYSE: PBR-A), Brazil’s crisis seemed...
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Brazil From The Ground: What Right And Left Are Saying About The Crisis
Wednesday, March 30, 2016 - 11:14am | 1708Brazil has been in trouble for a while, as the real depreciated and corruption scandals linked high level government officials – many of which have been arrested – to massive bribery cases at state-controlled oil company Petroleo Brasileiro SA Petrobras (ADR) (NYSE: PBR) (NYSE: PBR-A...
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JPMorgan On LatAm Airlines: Gol Linhas Shares Upgraded
Monday, March 28, 2016 - 1:11pm | 404Gol Linhas Aereas Inteligentes SA (ADR) (NYSE: GOL) surged as much as 14 percent after JPMorgan upgraded the airline to Neutral from Underweight as the company's recent liquidity-enhancing announcements and stronger BRL (Brazilian real) "should allow for a material reduction in risk perception." "...
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DuPont Price Target Cut At Morgan Stanley; Stock Up 10%
Tuesday, October 6, 2015 - 11:46am | 342Shares of E I Du Pont De Nemours And Co (NYSE: DD) spiked higher by 10 percent on Tuesday. DuPont announced on Monday its CEO Ellen Kullman will retire, cut its fiscal 2015 operating earnings per share guidance to around $2.75 from a previous $3.10. Vincent Andrews of Morgan Stanley...
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Another Crazy Week For The Brazilian Real & Bovespa
Sunday, October 4, 2015 - 9:16am | 373Continuing with a trend, the Brazilian Real had yet another very interesting week. After falling on Monday, recuperating on Tuesday and Wednesday, declining again on Thursday, and, once again surging on Friday, the currency closed the week up 0.91 percent. Friday saw the Real appreciate 1...
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The Crazy Week Of The Brazilian Real
Sunday, September 27, 2015 - 7:14pm | 493The Brazilian Real had an interesting week, to say the least. The currency hit an all time low on Tuesday, and beat the record again on Wednesday. It then started to recuperate on Thursday and early Friday. However, the bills are once again losing value on Friday afternoon. The...
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Latin American ADRs Getting Slaughtered, Brazilian Real And Crude Continue To Tumble
Tuesday, September 22, 2015 - 4:28pm | 797On Tuesday, the Brazilian real hit an all-time low in relation to the U.S. dollar. Crude oil also fell on Tuesday; macro concerns surrounding the Chinese economy linger. In this context, Latin American ADRs are getting pummeled in the stock market. The Brazilian real fell to a new all-time low on...
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Brazilian Real Hits Historic Low: What It Means And Where It's Headed
Tuesday, September 22, 2015 - 2:06pm | 548The Brazilian real fell about 1.68 percent, below 4 reais per U.S. dollar on Tuesday, setting a new record for an all-time low. The North American currency continued to gain strength versus emerging market currencies like the Indonesian rupiah. The Sao Paulo Stock Exchange and U.S.-listed...
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Brazilian Real, Bovespa Recuperating After Central Bank Intervention
Tuesday, September 8, 2015 - 4:50pm | 332Last week was particularly turbulent for Brazil: the real lost 6.7 percent, while the Sao Paulo Stock Exchange fell roughly 1.4 percent. Year-to-date, the currency is down more than 30 percent, mainly driven by concerns over the Fed rate hike and the sluggishness in the Chinese economy. Both...
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Brazilian Real, Bovespa Fall To End A Turbulent Week
Saturday, September 5, 2015 - 1:10pm | 262Brazil had a tough week. The real fell more than 7 percent over the week, while the Sao Paulo Stock Exchange lost roughly 1.4 percent. Both continued to decline on Friday: the real plummeted more than 3 percent versus the U.S. dollar and the stock exchange tumbled 1.83 percent. After these...
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Bill Gross On Emerging Markets: Global Imbalances, The Brazilian Real And His Personal Favorite
Saturday, September 5, 2015 - 11:24am | 509On Friday, Bill Gross of Janus Capital appeared on Bloomberg and shared his thoughts on several issues, including emerging markets, with Tom Keene and Michael McKee. The Imbalances Of The Global Economy Talking about overnight VAR (value at risk) in Brazil, China and the Hong Kong PMI, the...
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Brazilian Real Starts To Recuperate As Rate Hike Halt Is Confirmed
Thursday, September 3, 2015 - 3:15pm | 263Benzinga has been following the saga of the Brazilian Real over the past few days. On Wednesday, the currency hit its lowest point since 2002, closing at 0.2661 U.S. dollars. On Thursday, the notes continued to fall, with the U.S. Dollar being sold at 3.803 reals -- its highest price in 13...