"No Reason To Party At Carnival, Stay Short Brazil: RBS"
http://blogs.barrons.com/emergingma...n-to-party-at-carnival-stay-short-brazil-rbs/
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http://blogs.barrons.com/emergingma...n-to-party-at-carnival-stay-short-brazil-rbs/
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Brazil stocks
- Thread starter m22au
- Start date
Some thoughts on PBR and a possible bailout
http://blogs.barrons.com/emergingma...international-radar-a-petrobras-debt-bailout/
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http://blogs.barrons.com/emergingma...international-radar-a-petrobras-debt-bailout/
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ITUB earnings report released; stock down 7% in premarket trading in New York.
xBrazil's Itaú sees provisions soaring, weak credit growth this year
http://finance.yahoo.com/news/brazils-ita-sees-provisions-soaring-093535252.html
Itaú sees provisions soaring as Brazil recession bites hard
http://finance.yahoo.com/news/ita-boost-provisions-curb-loans-104007409.html
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xBrazil's Itaú sees provisions soaring, weak credit growth this year
http://finance.yahoo.com/news/brazils-ita-sees-provisions-soaring-093535252.html
Itaú sees provisions soaring as Brazil recession bites hard
http://finance.yahoo.com/news/ita-boost-provisions-curb-loans-104007409.html
.
"Brazil Cut To Junk By All Three Ratings Agencies After Moody's Joins The Fray"
http://www.zerohedge.com/news/2016-02-24/moodys-joins-sp-fitch-cuts-brazil-junk
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http://www.zerohedge.com/news/2016-02-24/moodys-joins-sp-fitch-cuts-brazil-junk
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The problem with shorting Brazilian stocks is that they are at 11x PE and 5% div yield after 2 years of recession. Those are cyclically depressed earnings and yields. When they return to normal (as a market economy always does) they will rise. So effectively, they are at something like 7-8 PE's 6-7% dividend yields. Its really hard to make money shorting very cheap markets. Specially given headline risk, at any hint of the impeachment going forward, buyers will go nuts. Unless one is talking about a daytrade here and there, positioning short the brazilian market is very dangerous
The hints of immpeachment showed up, and buyers went nuts. Thats why you don't short cheap markets with imminent catalysts
Some more color from Reuters via Seeking Alpha:
"UPDATE 2-Brazilian markets sink as Moro resignation ignites political crisis"
https://www.reuters.com/article/bra...political-crisis-lashes-markets-idUSL2N2CC0Z1
Brazil plunges on resignations of two top government officials
"https://seekingalpha.com/news/3564320-brazil-plunges-on-resignations-of-two-top-government-officials"
ETFs mentioned (plus two more):
https://finance.yahoo.com/quotes/ewz,brzu,bzq,ubr,fbz,ewzs,brf
ADR database:
https://www.adr.com/dr/drdirectory/drUniverse
Stocks mentioned:
https://finance.yahoo.com/quotes/ebr,sbs,cig,bbd,ugp,pbr,bsbr,ggb,viv,itub,sid,abev
Brazil interest rates:
https://tradingeconomics.com/brazil/interest-rate
Last change was a cut of 50 bps on 18 March, from 4.25% to 3.75%
Tradingeconomics says the next decision on May 6 is forecast to be a cut from 3.75% to 3.25%
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"UPDATE 2-Brazilian markets sink as Moro resignation ignites political crisis"
https://www.reuters.com/article/bra...political-crisis-lashes-markets-idUSL2N2CC0Z1
Brazil plunges on resignations of two top government officials
"https://seekingalpha.com/news/3564320-brazil-plunges-on-resignations-of-two-top-government-officials"
ETFs mentioned (plus two more):
https://finance.yahoo.com/quotes/ewz,brzu,bzq,ubr,fbz,ewzs,brf
ADR database:
https://www.adr.com/dr/drdirectory/drUniverse
Stocks mentioned:
https://finance.yahoo.com/quotes/ebr,sbs,cig,bbd,ugp,pbr,bsbr,ggb,viv,itub,sid,abev
Brazil interest rates:
https://tradingeconomics.com/brazil/interest-rate
Last change was a cut of 50 bps on 18 March, from 4.25% to 3.75%
Tradingeconomics says the next decision on May 6 is forecast to be a cut from 3.75% to 3.25%
.
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Last edited:
Brazil interest rates:
https://tradingeconomics.com/brazil/interest-rate
Last change was a cut of 75 bps on 6 May, from 3.75% to 3.00%
Tradingeconomics says the next decision on June 17 is forecast to be a cut from 3.00% to 2.25%
https://finance.yahoo.com/quotes/usdbrl=x
.
https://tradingeconomics.com/brazil/interest-rate
Last change was a cut of 75 bps on 6 May, from 3.75% to 3.00%
Tradingeconomics says the next decision on June 17 is forecast to be a cut from 3.00% to 2.25%
https://finance.yahoo.com/quotes/usdbrl=x
.
Does anyone know of any reputable international brokers with that allow someone with UK citizenship, for example, to trade the actual Brazilian stocks? Do such brokers exist in 2020?
Note: I am ideally just interested in ordinary shares, NOT CFD's or binary options or anything like that
Anyone, please???
Note: I am ideally just interested in ordinary shares, NOT CFD's or binary options or anything like that
Anyone, please???
Does anyone know of any reputable international brokers with that allow someone with UK citizenship, for example, to trade the actual Brazilian stocks? Do such brokers exist in 2020?
Note: I am ideally just interested in ordinary shares, NOT CFD's or binary options or anything like that
Anyone, please???
I'll take a look on that.
Also, does anyone knows any broker that allows me trade US stocks? I'm from Brazil.