Investor Confidence Wanes in Brazil’s Economy, BofA Survey Indicates

A recent Bank of America survey reveals that Latin American investment managers are increasingly concerned about Brazil’s Ibovespa index and the real. Remarkably, only 7% expect the Ibovespa to surpass 140,000 points by year-end—a stark drop from 19% in May and the lowest figure since surveying began last September. The forecast for the U.S. dollar […]