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A GlobalSource Partners Brazil economics report says the post-election and vaccine-driven rally in risk assets has lifted Brazilian stocks, but the gains are seen as temporary. It cites a worsening fiscal situation, a second COVID-19 wave in Brazil's South and Southeast, and no major reform bills close to approval.
A weaker real and fiscal stress tend to raise the cost of imported feed inputs priced in dollars for Brazil, while a firmer real would lower them. The report's view that the rally is temporary points to renewed BRL weakness that would support Brazilian soybean and corn export competitiveness.
globalsourcepartners.comCristina Pinotti, Affonso Pastore, Marcelo Gazzano, Paula Magalhães, Bruno Cordeiro23 nov 2020Na 301 eerdere opwaarts macro-gebeurtenissen bewoog Braziliaanse real (BRL per USD) zich mediaan +0,4% over 5 sessies (57% hoger; middelste helft -1,2% tot +1,7%), en +1,0% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
