Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Economy / Brazil

Equity Rally: Enjoy It While It Lasts

May 2009 | Market Strategy

Latin American stocks have taken out key resistance levels on the back of the ongoing rally in global equity markets and major commodity indices, such as the Reuters-Jefferies Commodity Index. The technical signals suggest that the bull-run still has considerable room to run for some of the major equity indices in our region, buoyed by the high levels of exposure to commodities and a decisive comeback of risk appetite.

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