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Non-Tech : The Brazil Board
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From: elmatador2/5/2012 4:44:16 AM
1 Recommendation   of 2504
 
Bovespa has advanced 15% this year, after slumping 18 percent in 2011, buoyed by Brazil’s interest-rate cuts, signs of growth in the U.S. and renewed optimism Europe may be closer to solving its debt crisis. The gauge trades at 10 times analysts’ earnings estimates, in line with the ratio for MSCI Inc.’s measure of 21 developing nations’ equities, weekly data compiled by Bloomberg show.

Foreign investors poured 7.17 billion reais into Latin America’s largest equity market in January, according to data compiled by Bloomberg. They pulled 1.35 billion reais from the Bovespa in 2011.
businessweek.com
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