Brazilian Senate

We continue betting for Itau Unibanco 12 August 2009 while the Brazilian economy continues its recovery, with allegations of corruption which have been launched recently against the holder of the Brazilian Senate, Jose Sarney and threatening to splash to Dilma Rousseff, pre-candidata to the Presidency in 2010 by the workers party (PT) look askancethe Party of President Lula da Silva. The positive until the time of this issue as uncomfortable for the Lula Government (if that be can rescue something when arise suspicions of corruption facts) is that the different political parties in Brazil have avoided cross-accusations and create confusion in public opinion, attitude that would unnecessarily stirred the Brazilian political context. I think that this is a fact of maturity in politics of Brazil, according to the development goals that the country pursues. Apart from politics, Brazil is returning to the path of growth. In an article in little over one month ago back: ended the crisis for Brazil? We talked about the positive signs that exhibited the economy of Brazil and which encouraged the expectations of recovery.

These signs have been perceived by investors who have returned to the Brazilian stock market. The strong growth that has been observed the Bovespa has every chance of continuing. Citi (NYSE:c), changed their expectations about some of stock indices in the region include the Bovespa, for which increased its projection to 65,000 points upward. Brazilian shares index is currently at 55.650 points. Met the projection of the Citi, the Bovespa gained 16.8% for the remainder of the year, percentage Yes would well be measured in real, insured quasi dollar given the tendency towards appreciation which observes the Brazilian currency may be considered. The Bovespa will continue positive trend for what’s left of the year and financial institutions that comprise it have high likelihood of achieving a very good end of year accompanying the economic recovery in Brazil.

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