The rise of over 3.5% in China benefits all Latin American countries, and Brazil is no exception. Petrobras, VALE, Eletrobras, and Banco Bradesco lead
The rise of over 3.5% in China benefits all Latin American countries, and Brazil is no exception. Petrobras, VALE, Eletrobras, and Banco Bradesco lead the gains. However, it’s not only China’s effect that’s driving stock prices. Brazil is the Latin American country with the highest return today.
Brazil’s GDP may positively surprise in early 2024, as assessed by Roberto Campos Neto, president of the Central Bank, during a BTG Pactual event.
According to him, high-frequency data indicates that the service sector is “driving growth significantly.” The leader highlighted that the market “has been wrong [in projecting] growth consistently for three years,” and current prospects seem to remain in the more conservative territory.
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