Brazil

We have taken a closer look at some Latin cross-rates against the British pound, after sterling sold off to its lowest level against the euro on record on November 13. A combination... 2008-11-14

The sovereign credit profile in Latin America has deteriorated markedly since the last edition of our proprietary risk ratings, to the point where the region's creditworthiness is... 2008-11-13

At first glance, there appears little to like about Venezuelan debt right now. The sovereign remains one of the riskiest plays in Latin America, especially given that Brent crude... 2008-11-12

Front-month arabica coffee has fallen by approximately 32% since peaking in Q108, and is currently trading at USc111.75/lb. We expect further losses for coffee over the medium term,... 2008-11-07

Brazil's Bovespa equity index ended the gloomy month of October above resistance at around 37,000, in our view potentially setting the index up for a sustained relief rally over the... 2008-11-04

The volatile climate across global financial markets has made it increasingly difficult to gauge short-term moves of late, but our call for a bounce in selective EM FX appears to... 2008-10-29

The front sugar contract (March 09) has continued to decline in recent weeks and is now off by 25% since peaking in Q108, and down by 21% since we became bearish. Sugar is currently... 2008-10-28

The Brazilian government and the Banco Central do Brasil (BCB) have presented a comprehensive list of measures to tackle the effects of the credit crunch and clogged up money markets.... 2008-10-28

Broadly speaking, we would apply the same level of caution towards EM assets this week, as headline recessionary risks continue to dominate market action. Indeed, flight to quality,... 2008-10-27

Our outlook on equities in Latin America remains grim to say the least, with Brazil's Bovespa stock index looking set for more downside. Equities in Brazil continue to be weighed... 2008-10-24