BTC iShares MSCI Brazil Small-Cap ETF
Brazil’s (EWZ) economy improved in 1Q17, mostly due to the manufacturing sector, exports, and business confidence. However, recent political scandals have undermined its growth and credit rating.
The Brazilian (FBZ) economy grew 1% on a quarter-on-quarter basis in 1Q17 compared to a downwardly revised 0.5% contraction in the previous month.
Brazil’s (EWZ) economy is showing signs of improvement in 2017, and inflation is hovering around its target rate.
Brazil’s performance in the 2016 Rio Olympics and worldwide speculation about a Fed rate hike might have a role to play in the country’s stock market performance in fiscal 2016.
Now that Brazil’s political scenario has improved and commodity prices have become more stable, the country is expected to attract investors again.
Continued from Part 2 The latest PMI placed Brazil under the 50 point line, signaling contraction Out of the five key sub-indices making up Brazil’s (EWZ) PMI, five posted drops. Stubborn inflation Inflation hit costs hard, rising at the fastest pace in more than three years and squeezing margins in the process. A large component […]