Month: July 2016
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Brazilian Economy shrinks 0.51% in May, according to the Central Bank
The Brazilian economy has not confirmed the brief improvement in April. The Economic Activity Index Central Bank (IBC-Br) fell 0.51% in May, after growing 0.07% in April (revised), which was the first increase in 15 months. In the year, the decline was a significant 5.79%. In the 12 months ending in May, the IBC-Br indicates…
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EWZ: Ibovespa has its best semester since 2009 and US$ drops 18.6% versus the Brazilian Real
Brazilian’s most traded stock ETF in the US, EWZ soared 46.5% in the same 6 months: In the beginning of the year, the perspective for the Brazilian market was not good with the country in recession and inflation sky rocketing. However, in the middle of February, the inflection started fueled by a global recover in…