Brazil's HSBC October PMI rises to 50.2 from 49.8 previously, the first time in expansion...

|By:, SA News Editor

Brazil's HSBC October PMI rises to 50.2 from 49.8 previously, the first time in expansion territory since March. New Orders and Production led the gain, but New Export Orders contracted for the 19th consecutive month. The Bovespa continues to be the exception to the "Don't fight the (central bank)" rule, -11.6% Y/Y even as short rates have come down more than 500 basis points.