Sunday, March 20, 2016

This Emerging Market Still Might Roar

Investors pile into Brazilian equities over bets on imminent regime change

Investors piled into Brazilian equities this week, as gains in commodities such as oil helped push emerging market stocks to the verge of a bull market. But it is the prospect of political change that is increasingly fuelling optimistic sentiment toward Latin America's largest country and the world's seventh-biggest economy. As the prospect of embattled president…