Brazil Daily

Time to trust Brazil’s economy? Banks believe so

Good morning! We’re covering the new mood from private banks towards investing in Brazil’s economy. Jair Bolsonaro’s new far-right party. And what’s going on at the Supreme Court. (This newsletter is for platinum subscribers only. Become one now!)

Big banks believing in Brazil

A group of big banks, including Credit Suisse, UBS, JPMorgan, Goldman Sachs, BTG Pactual, and ratings agency Moody’s all released reports yesterday recommending investors to go after Brazilian assets. The rationale is that, with emerging currencies losing power against the U.S. Dollar, stocks in such markets are too cheap to be ignored. It helps...

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