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Another Crazy Week For The Brazilian Real & Bovespa
Sunday, October 4, 2015 - 9:16am | 373Read More...Continuing 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 | 493Read More...The 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 | 797Read More...On 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, Bovespa Falling After S&P Credit Downgrade And Newly Announced Cutbacks In Public Spending
Friday, September 11, 2015 - 3:51pm | 335Read More...S&P cut Brazil's credit rating to "junk." The Finance Minister announced new cutbacks in the 2016 budget. The Real and Bovespa continue to plummet. On Thursday, Standard & Poor's downgraded Brazil’s sovereign credit rating to BB+. Although the move came...
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Brazilian Real, Bovespa Recuperating After Central Bank Intervention
Tuesday, September 8, 2015 - 4:50pm | 332Read More...Last 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 | 262Read More...Brazil 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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The Brazilian Bovespa And Real Tumbled In A Day Filled With Bad News
Tuesday, September 1, 2015 - 5:04pm | 267Read More...Brazil's Sao Paulo Stock Exchange fell 2.43 percent on Tuesday to 45,494.7 Bovespa index points, following a bunch of bad economic news, including the presentation before the Congress of a budget for 2016 that anticipates a primary deficit, before paying debt, of 0.5 percent of the GDP. The...
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Goldman Sachs Suggests Positioning For Downside in Brazil
Wednesday, March 2, 2011 - 11:18am | 97Read More...Goldman Sachs is out with a research note this morning, where it suggests that traders position for downside and/or hedge to the downside on the Bovespa. Goldman analysts noted that Ibovespa outperformance is unlikely until the market passes several “signposts” indicating less risk from inflation...
