"In the past, Brazil's reach has always exceeded its grasp," says one former U.S. official. "It always saw itself as a leader, but has been frustrated that the world saw it another way. The Brazilian economy is developing to the point where it does have the global heft that people have to take it seriously."
Like all emerging markets, Brazil’s success story has a lot to do with its fast growing middle class, a key driving force behind the country’s economic growth. Brazil is not just about commodities but also a very strong domestic story. And returns have reflected the positive story.
Brazil's "economic miracle" is alive and well, despite growing concern the Latin American powerhouse is in danger of overheating, with Huw Jenkins, BTG Pactual.
Pedro Bastos, CEO of HSBC Global Asset Management Brazil says it's time to buy into Brazilian infrastructure and real estate stocks.
Rudy Martin, emerging markets analyst at Weiss Research, says the market has not fully began to comprehend last weekend's BRICS meeting, which he says, has the potential to alter the world's capital movement.
Brazilian policymakers are trying to find the sweet spot for their monetary policy. For now, interest rate hikes are more likely than not. But their impact for currency traders is less certain.
In a report from Brazil, Fast Money trader Tim Seymour looks at the impact of the Japan crisis on emerging markets.
Good news drove Brazilian stocks higher for the second session in a row and drove bullish option activity yesterday (Thursday).