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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.44-0.2%Dec 5 4:00 PM EST
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To: Seeker of Truth who wrote (1567)10/25/2005 3:12:55 PM
From: elmatador   of 218249
 
Merrill Lynch Expects Brazil's Bovespa to Gain 26% in 12 Months

Oct. 25 (Bloomberg) -- Merrill Lynch & Co. expects the Brazilian benchmark stock index to rise 26 percent in 12 months, helped by lower local interest rates and corporate profit growth.

The Bovespa index will likely reach 37,500 in 12 months as interest rates are expected to fall to 15.25 percent by the end of 2006, from 19 percent now, Pedro Martins Jr., head of Merrill Lynch's Latin America equity team, said in an interview in Sao Paulo.

bloomberg.com
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