Brazil January PMI rises to 50.6 from 49.1 in December, the first read above 50 since May. While...

|By:, SA News Editor
Brazil January PMI rises to 50.6 from 49.1 in December, the first read above 50 since May. While the worst of the slowdown may be in the rear view mirror, HSBC economist Andre Loes cautions the number is only consistent with a sideways-moving economy. EWZ +2.2%.