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

To read the full article, please choose one of the following options:

Subcribers please log in

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.