Analysts are cutting ratings on Brazilian stocks faster than any other major emerging market. Investors aren’t listening.
Brazil’s consumer prices rose more than economists predicted in May, as the central bank signals it will keep interest rates on hold.
Emerging-market stocks fell from a 13-month high as China Mobile Ltd. paced a drop for phone companies and Turkish equities slumped the most in world. The rand slid as the World Bank cut South Africa’s growth forecast.
Brazil’s consumer prices in the month through mid-June rose more than economists forecast, as the World Cup boosted prices for flights, hotels and tours.
The Department of Homeland Security has begun a search for planes, yachts, mansions and other U.S. belongings of Russians facing Ukraine-related sanctions.
"Russian markets have shrugged off the threat of tighter sanctions."
- Neil Shearing on Jul 23, 2014