Salient to Investors:

  • The Ibovespa stock benchmark has risen 35% from its March 14 bottom – the best performance of global major equity indexes – despite economists cutting 2015 growth forecasts month after month to a record low. Bullish investors are betting on a new government in October that will lure investment.
  • Analysts expect Brazil to grow 1.6% in 2015.
  • Nicholas Morse at Schroder Investment Mgmt said people are looking beyond the poor economic data.

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