Barron's: Brazil’s Stocks Fizzle as Political Problems, Inflation Persist

 By SIMON CONSTABLE

On the face of things, booming commodities markets should mean Brazil’s outlook would be promising. But the reality is that global investors have lost confidence in the county’s leadership, including President Jair Bolsonaro. The situation could get worse as global growth slows, experts say.

“Earlier this year, Brazil was a favorite investment play, but it fell out of favor,” says Marc Chandler, chief market strategist at Bannockburn Global Forex. “Bolsonaro has lost credibility with investors.” Read more here.

Photo by Mateus Campos Felipe on Unsplash