Equity Gains Ahead

October 2007 | Data Release

We have held a constructive view regarding Brazilian equities for some time now, and reiterated on various occasions that the Bovespa stock index would outperform other Latin American benchmark indices. This position seems to have been vindicated by the fact that the bourse has broken through its all-time high of 58,292 in mid September, and has now climbed to above the 62,000 mark. We remain short-term bullish as strong macroeconomic fundamentals, and renewed risk appetite continue to underpin the bourse. Brazil's external sector continues to impress with strong readings in the current and financial account balances (both posted surpluses of

If you would like to subscribe to Brazil Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Brazil Monitor please click on the trial link below.