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.
Read the full article at http://www.bloomberg.com/news/2014-09-05/bad-becomes-good-for-brazilian-stock-investors-chart-of-the-day.html
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