Brazilian Stocks Affected by U.S. Economy

摘要

Many of Brazil's stocks were trading lower in April as a result of the slowdown in the U.S. "The market will remain very weak if privatization news cannot liven it up," said one trader, noting at the same time that the low volume inspired hopes that the market would soon reach a support level and bounce back.Bruno Otero of Santander Bank added, "Our fundamentals are good, but we are still suffering a lot from U.S. troubles. We hope the market soon comes to a point when everyone realizes that stocks have become very cheap and that the overall climate here is good. Then there should be a good rise."