# Brazil stocks continue winning streak after earnings; real gains

> Brazil's Bovespa stock index rose on Monday after favorable earnings reports, extending a run of gains. The index closed out its fifth straight month of gains. The text also mentions capital inflows tied to an amnesty program for undeclared funds held abroad.

- Date: 2016-11-01 · published 2016-11-01T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/11052-brazil-stocks-continue-winning-streak-after-earnings-real-gains
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Equity moves in Brazil reflect investor sentiment toward the domestic economy and the currency, with limited direct effect on feed commodity supply or demand.

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| USDBRL | 2016-11-01 | 1 | +2.2% | 3.3 | Brazilian equity gains and capital inflows tied to the repatriation amnesty program increased USD supply and risk appetite, which would support a real appreciation, though the direction of the 2.16% move is not given. |

## Sources

- reuters.com: https://www.reuters.com/article/emerging-markets-latam-idUSL1N1D1227/?feedName=usDollarRpt&feedType=RSS

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.