Global X Brazil Consumer ETF (BRAQ) - NYSEARCA
  • Thu, May 12, 12:07 PM
    • Expecting reforms under Michel Temer, who will be taking over for President Rousseff while she is put on trial, Morgan Stanley sees "clarity about the policy path over the next few quarters," and thus lower inflation, lower interest rates, and higher stock prices.
    • The team predicts economic contraction of 3.8% this year - steep, but not as bad as its previous -4.3% estimate. Growth should return in 2017 and get even stronger as a stronger currency and lower inflation expectations allow the central bank to cut rates.
    • "Brazil is one of our strongest conviction calls. In equities," and their favorite pick is CPFL Energia (NYSE:CPL).
    • The Bovespa has turned marginally higher on the session, and EWZ is down 1%.
    • Previously: Senate majority backs Rousseff impeachment (May 12)
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Thu, May 12, 12:07 PM | 5 Comments
  • Thu, May 12, 4:57 AM
    • In floor speeches ahead of the vote, forty-two senators indicated their intention to vote against President Rousseff, giving the opposition the simple majority it needs in the 81-seat chamber.
    • The vote would mean the suspension of Rousseff from the presidency while her Senate trial takes place. Vice-President Michel Temer will assume the office, and is expected to begin naming his cabinet today. Former central bank chief Henrique Meirelles - a favorite of investors - is expected to be named finance minister.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Thu, May 12, 4:57 AM | 10 Comments
  • Wed, May 11, 6:16 AM
    • Brazil's Senate is set to vote on whether to put President Dilma Rousseff on trial for breaking budget rules, amid expectations she will become the country's first leader in more than two decades to be removed from office.
    • If her opponents garner a simple majority of the 81 senators, Rousseff will be suspended for up to six months during the trial and Vice President Michel Temer will take power.
    • A final vote is expected to take place around 7 p.m. ET.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Wed, May 11, 6:16 AM
  • Tue, May 10, 7:07 AM
    • The acting head of the country's lower house of government yesterday called to annul that body's impeachment of President Rousseff, but, in a middle-of-the-night statement, rescinded that demand.
    • That puts things back on track for the full Senate to vote on whether Rousseff should stand trial. A "yes" vote - which is expected - would force the immediate suspension of Rousseff as president.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Tue, May 10, 7:07 AM | 3 Comments
  • Mon, May 9, 4:22 PM
    • Brazilian markets were jolted today when the acting speaker of the country's lower house said he annulled that body's vote to impeach President Rousseff. The Bovespa tumbled more than 3% at one point, before closing down 1.3%.
    • Bloomberg is now reporting Renan Calheiros - the head of the Senate - as saying his house will move forward with impeachment proceedings.
    • A special Senate committee has already recommended Rousseff be put on trial, and a vote by the full Senate could come later this week.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Mon, May 9, 4:22 PM | 4 Comments
  • Mon, May 9, 11:46 AM
    • The acting speaker of Brazil's lower house has apparently annulled that body's impeachment vote against President Dilma Rousseff.
    • To review, the lower house about three weeks ago voted to impeach Rousseff, sending the action over to the Senate, where a special committee last week voted to put Rousseff on trial. Were the full Senate to agree later this week, Rousseff would be removed from office while that trial takes place.
    • This "annulment" would likely set that process back.
    • The Bovespa is lower by 2.3% in volatile action. EWZ -4.6%
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Mon, May 9, 11:46 AM | 10 Comments
  • Fri, May 6, 1:16 PM
    • A special impeachment committee votes 15-5 to put President Dlima Rousseff on trial, moving the matter the full 81-member Senate. If a simple majority agrees (the vote will be May 11-12), Rousseff would have to step aside nearly immediately for the duration of her trial (a maximum of 180 days).
    • As roughly 50 Senators are already on record as saying they'll vote "yes," it appears Vice President Michel Temer could assume power on May 13.
    • The Bovsepa is lower by 0.2%. EWZ +0.55%
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Fri, May 6, 1:16 PM | 3 Comments
  • Tue, May 3, 4:32 AM
    • Brazil's embattled Dilma Rousseff may back calls for a fresh presidential election, which would allow a vote for a new leader this year, if she sees little chance of surviving a key impeachment vote in the Senate next week.
    • But many say it's unlikely that supporters of the measure could get the three-fifths majority required in both chambers of Congress to change the constitution, which currently states presidential elections can only be held every four years.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Tue, May 3, 4:32 AM | 2 Comments
  • Thu, Apr. 21, 2:48 AM
    • Brazil's President Dilma Rousseff is heading to the United Nations in New York tomorrow to rally international support against her potential ouster.
    • "The focus now is on framing the impeachment as a coup," said Paulo Carlos Calmon, a political scientist at University of Brasilia. "They will tap any source of pressure they can, including foreign governments."
    • Four of Brazil's eight presidents since 1950 have failed to serve out their terms, with one impeachment, one resignation, one suicide and one military overthrow.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Thu, Apr. 21, 2:48 AM | 14 Comments
  • Mon, Apr. 18, 10:28 AM
    • The lower house of Congress last night voted to impeach President Dilma Rousseff, and the matter now falls upon the Senate, where just a simply majority (vs. two-thirds necessary for the impeachment vote) can send her to trial (the vote is set for next month).
    • Rousseff would step temporarily step down from power while the trial takes place, leaving Vice President Michel Temer in charge.
    • While a simple majority in the Senate is needed to put Rousseff on trial, a two-thirds vote would be necessary to remove her from office - a likely result given last night's results, say political analysts.
    • Having run up on the hope of a Rousseff impeachment, the Bovespa is lower by 0.55% in today's action. EWZ -1.4%
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    • Now read: Resource Sector Digest: An Almost Indecent Proposal (April 18)
    | Mon, Apr. 18, 10:28 AM | 18 Comments
  • Sun, Apr. 17, 9:28 PM
    • The impeachment vote is still going on in the country's lower house, but the ruling Workers Party has conceded defeat, reports Reuters. At the moment, of 412 votes cast, 307 have voted to impeach President Rousseff, and 101 have voted against. A total of 344 are needed to send the process over to the Senate.
    • For those wondering what's taking so long, house members vote one-by-one, with each making a small speech alongside.
    • Once in the Senate, a simple majority would be enough to put Rousseff on trial, a decision expected in May. Were the trial to be approved, Rousseff would be suspended from office, and former (but no more) ally Vice President Michel Temer would take over.
    • Brazil's stock market, of course, has put together a powerful rally this year on hopes for Rousseff's removal. That is looking more like a reality at the moment.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Sun, Apr. 17, 9:28 PM | 18 Comments
  • Sun, Apr. 17, 9:00 AM
    • Brazil's lower house of Congress is gearing up for a crucial vote today on whether to impeach President Dilma Rousseff on charges of manipulating fiscal numbers, in a decision that could hasten the end of 13 years of Workers Party rule.
    • The recent political turmoil has seen the approval ratings of the leftist president plunge as low as 9%, and Brazil’s economy dip into its worst recession in generations.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    • Now read A Very 'Real' Investment
    | Sun, Apr. 17, 9:00 AM | 7 Comments
  • Fri, Apr. 15, 3:29 AM
    • Brazil's Supreme Court rejected a motion from the government early Friday requesting that the impeachment process against President Dilma Rousseff be suspended.
    • A majority of justices voted against the petition from Attorney General Jose Eduardo Cardozo which stated the administration hadn't received the right to a proper defense.
    • Brazil's full Chamber of Deputies is now scheduled to vote Sunday on whether to move the impeachment process forward to the Senate.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Fri, Apr. 15, 3:29 AM | 1 Comment
  • Tue, Apr. 12, 12:15 PM
    • The possible ousting of President Dilma Rousseff took at least a symbolic step forward yesterday when a congressional committee voted 38-27 to impeach her. Next up is a possible Sunday vote by the full lower body of congress on same.
    • A two-thirds majority by the full house would be needed to send the matter to the Senate. The latest polls show it's going to be close. If affirmed, the Senate would have the power to suspend Rousseff, put her on trial, and ultimately remove her from office.
    • The Bovespa is ahead 2.1%. EWZ +0.4%
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    • Now read: Time To Move Into Brazil?
    | Tue, Apr. 12, 12:15 PM | 8 Comments
  • Mon, Apr. 11, 10:40 PM
    • A committee in Brazil's lower house of Congress votes to recommend Pres. Rousseff's impeachment for allegedly manipulating public finances, a step that increases the chances of her removal from office.
    • The committee votes 38-27 in favor of impeachment, with a vote in the full lower house now expected to take place on Sunday; if two-thirds vote in favor there, the impeachment would be sent to the Senate.
    • If Brazil's Senate decides by a simple majority to put Rousseff on trial, she would be suspended for up to six months while the Senate decides her fate, and VP Michel Temer would become acting president - but he has problems of his own.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Mon, Apr. 11, 10:40 PM | 6 Comments
  • Thu, Apr. 7, 3:55 AM
    • Brazil's Congress has moved closer to impeaching President Dilma Rousseff, with the release of a report recommending that lawmakers vote in favor of her trial before the Senate.
    • The proceedings against Rousseff, who could lose power as soon as May if she does not gain more support in Congress, have gained momentum in recent weeks. Millions of Brazilians last month took part in street demonstrations calling for her ouster.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Thu, Apr. 7, 3:55 AM | 5 Comments
BRAQ Description
The Global X Brazil Consumer ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Brazil Consumer Index.
See more details on sponsor's website
Country: Brazil
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