EMerging Equity
impeachment
Downgrade Points To Continued Brazil Underperformance
By Marc Chandler, Marc to Market Blog (from my colleague Dr. Win Thin) Fitch’s downgrade on Wednesday is a stark reminder that Brazil continues to suffer from a toxic mix of high inflation, recession, low commodity prices, and heightened political uncertainty. Because we see no end in sight for these negative factors, we believe Brazil assets will … Continue reading
Brazilian ETFs See Inflows After Impeachment Talks
By James Eugene Brazilian-focused exchange traded funds (ETFs) have recorded relatively large amounts of inflows after talks of Dilma Rousseff’s impeachment advanced. According to data compiled by Bloomberg, the iShares MSCI Brazil Capped ETF enjoyed inflows of just over $94 million so far this month, approximately 4.7% of its market capitalisation. The iShares Ibovespa, … Continue reading
The End Appears Near For Brazil’s Rousseff
By María Teresa Romero Until very recently, most Brazilians may not have thought that the massive protests, corruption scandals, and economic crisis would lead to an early exit from President Dilma Rousseff. However, the events of the last few weeks suggest it is a growing possibility. Both she and former President Luiz Inácio Lula Da Silva, … Continue reading
Brazil Prepares For Mass Demonstrations On Sunday As Allegations Of Corruption Swamp Rousseff Government
“Brazil President Dilma Rousseff is poised to face another key test as allegations of corruption and incompetence swamp her government, and plummeting commodity prices sap the country’s economy,” Seeking Alpha reports. According to Bloomberg: As allegations of corruption and incompetence swamp Brazil’s government, and plummeting commodity prices sap its economy, hundreds of thousands of angry … Continue reading
The Political Cost Of Corruption In Brazil
By Stratfor Global Intelligence In the wake of Brazil’s oil corruption scandal, the country’s ruling political coalition has all but fallen apart. The ongoing investigation of corruption charges against state-owned energy giant Petroleo Brasileiro has the Brazilian Democratic Movement Party (PMDB), a long-time ally of the ruling Workers’ Party, distancing itself from Brazilian President Dilma … Continue reading
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