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Move away from commodities 'could be opportunity to invest in Brazil'

Date added: 2nd July, 2010 at 09:58
(view all articles from July, 2010)

Categories: Economy

Although some have been concerned about the potential for weaker Chinese demand for steel, iron ore and other exports from the nation, experts believe that a move away from commodities could be an opportunity for speculators to earn from the growth of the domestic economy when they invest in Brazil.

Analysts from Credit Suisse were quoted as saying that increasing incomes in South America's largest country alongside improved access to credit and a slowdown in US manufacturing could make speculation in Brazil more attractive.

Economists at the bank predicted an eight per cent rise in gross domestic product in the nation in 2010 and the institution is ploughing more money into banking, retail and property in Brazil.

"Given the still robust outlook for the Brazilian economy, we believe it's time to take a closer look inside the country for opportunities," Emerson Leite and other equity analysts wrote in a note to clients, the news provider reported.

Credit Suisse recommended investment in Banco do Brasil, which saw the company jump on financial markets following an offering of 286 million new shares on Wednesday (June 30th), the information source stated. ADNFCR-1477-ID-19870564-ADNFCR

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Investment in Brazil 'good alternative to UK companies'

With only ten companies controlling almost 55 per cent of FTSE All Share dividend income over the past 12 months, one organisation has said investment in Brazil and other emerging markets could help speculators reduce their reliance on a small number of firms....

Date added: 1st July, 2010 at 10:16
(view all articles from July, 2010)