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Brazilian Stocks Sought-After by Investors as Economy Grew in February


April, 18 2017
watermark Economic news

After two consecutive years of recession, the Brazilian economy has been featuring signs of rising out from its decline making investors snatch up with Brazil’s stocks.

Based on the rate indicator of the central bank, the largest country in Latin America showed positive growth in its economic activity which is the fastest progress seven years ago. The bank further mentioned on Monday that IBC-Br index boosted by 1.31 percent in the month of February followed by an upward revision with 0.62 percent expansion in past month.

Henrique Meirelles, country’s Minister of Finance, said that economy would probably end 2017 with a significant annual rate of growth.

Brazilian officials together with investors have extreme hopes for the economy of Brazil but investors supported iShares MSCI Brazil Capped ETF (EWZ), reaching more than 11 percent within this year as it performed better than S&P 500.

Moreover, Brazilian Real also rose versus greenbacks and grew by 4.5 percent. BRL further jumped further on Monday gaining 1.3 percent.




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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.