ProShares UltraShort MSCI Brazil Capped ETF(BZQ)- NYSEARCA
  • Yesterday, 3:06 PM
    • “My conscience is clear," she tells lawmakers turned judges. "I did not commit a crime.” She says the impeachment process has worsened the country's recession, and calls interim President Michel Temer a "usurper." Brazil, she says, would not have elected someone who picked a Cabinet of all white men in a country more than 50% non-white, she adds.
    • The Senate votes on Rousseff's fate either tomorrow or Wednesday. Meanwhile, there's plenty of economic news coming this week, including Q2 GDP, August wholesale inflation, and government budget numbers. The central bank meets Wednesday and is expected to hold its benchmark rate steady at 14.25%.
    • The Brazilian real (NYSEARCA:BZF) continues to move higher, up 0.6% today and 22% for the year. The Bovespa is up 1.8% this session.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Yesterday, 3:06 PM
  • Sun, Aug. 28, 11:32 AM
    • Brazil's impeachment trial on Saturday advanced toward its final stage, after three days of witness testimony deepened divisions among senators debating whether to permanently remove President Dilma Rousseff from office.
    • Lawmakers are expected to hold a final vote Tuesday or Wednesday next week, which will result in her ouster if they muster at least a two-thirds majority, as is widely expected.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Sun, Aug. 28, 11:32 AM | 4 Comments
  • Thu, Aug. 25, 3:14 AM
    • Brazil's Senate is today due to begin the impeachment trial of suspended President Dilma Rousseff for violating budget laws.
    • Rousseff's opponents need 54 of 81 senators to vote for her impeachment, after which she will be removed from office and replaced by Vice President Michel Temer.
    • A poll shows that 51 senators will vote to dismiss Rousseff, 19 will support her and 11 are undecided.
    • Brazilian markets have rallied lately over the prospect of the right-wing Temer permanently taking over from the leftist Rouseff, although Temer faces having to drag the economy out of its its worst recession since the Great Depression and bringing down a massive budget deficit.
    • ETFs: EWZ, BRF, BRZU, BZF, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Thu, Aug. 25, 3:14 AM | 5 Comments
  • Thu, Aug. 18, 4:17 AM
    • Despite struggling in two years of recession, Brazil has raised its prediction for economic growth in 2017 because of an increase in business and consumer confidence levels.
    • The country estimates gross domestic product to increase 1.6% next year, compared with a previous forecast for an expansion of 1.2%, and left its forecast for inflation during 2017 unchanged at 4.8%.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Thu, Aug. 18, 4:17 AM | 2 Comments
  • Wed, Aug. 17, 2:53 AM
    • "Impeachment without a crime, if consummated, would be a coup," Brazilian President Dilma Rousseff said in a live broadcast on Facebook, calling for early elections to unite a country mired in recession.
    • Rousseff was suspended in May on accusations she doctored government fiscal accounts to get re-elected in 2014. She's widely expected to be impeached and permanently removed from office later this month.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Wed, Aug. 17, 2:53 AM | 2 Comments
  • Wed, Aug. 10, 2:20 AM
    • The real closed at more than a one-year high after Brazil's Senate voted 59 to 21 to put suspended President Dilma Rousseff on an impeachment trial for illegally financing government spending.
    • The decision could seal her downfall and cement the power of her successor, Michel Temer, as early as this month.
    • ETFs: EWZ, BRF, BRZU, BZF, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Wed, Aug. 10, 2:20 AM | 4 Comments
  • Tue, Aug. 9, 4:59 AM
    • Brazil's Senate will vote today on starting the impeachment trial against President Dilma Rousseff, which could begin as soon as August 25.
    • Financial markets have rallied since her vice president, Michel Temer, took over in May with proposals to adopt more market-friendly policies and rein in a near-record budget deficit.
    • ETFs: EWZ, BRF, BRZU, BZF, EWZS, BZQ, BRAZ, UBR, DBBR, FBZ
    | Tue, Aug. 9, 4:59 AM
  • Fri, Aug. 5, 4:28 AM
    • The start of the Olympics in Rio today has been shadowed by a storm of bad news - not including a Zika outbreak that prompted 150 health officials to recommend moving the games out of the city as a public safety measure.
    • Political uncertainty, protests, violent crime, infrastructure failures and poverty are set to greet spectators this weekend in an event that some economists say could mean upward of $15B in losses for Brazil.
    • ETFs: EWZ, BRF, BRZU, BZF, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Fri, Aug. 5, 4:28 AM | 10 Comments
  • Wed, Aug. 3, 3:51 AM
    • Rio 2016 ticket sales are lagging behind those of recent Olympics, as the host city grapples with recession, a Zika epidemic and worries about security days before the opening ceremonies.
    • According to local organizers, about 79% of the 6.1M tickets had been sold as of Aug. 1. That's well behind the final figures for the last two Summer Games in London and Beijing, both of which sold more than 95% of their seats.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Wed, Aug. 3, 3:51 AM | 3 Comments
  • Mon, Aug. 1, 5:58 AM
    • Brazil's interim President Michel Temer has expressed confidence in Rio de Janeiro's ability to pull off a successful Olympics (beginning this Friday), despite fresh data showing surging crime rates in the capital.
    • Around 85,000 security personnel are expected to be deployed during the Games, the largest contingent for a mega event, to guard the half a million visitors which will descend upon Rio.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Mon, Aug. 1, 5:58 AM | 10 Comments
  • Tue, Jul. 26, 4:54 AM
    • Days before the Summer Olympics begin in Brazil, the country's central bank will release June's current-account figures.
    • Brazil has a shrinking deficit, and the data could reflect potential damage from a recent strengthening of the real.
    • While some athletes are staying away from the games this year due to Zika concerns, over 10,000 players are expected to participate.
    • ETFs: EWZ, BRF, BRZU, BZF, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Tue, Jul. 26, 4:54 AM
  • Fri, Jul. 1, 4:04 AM
    • A string of embarrassing incidents five weeks before the Olympics kick off in Rio has put organizers on edge as Brazil suffers its worst recession in decades.
    • This week, a human foot washed ashore just yards from where beach volleyball players will compete, several muggings of athletes took place, and the country's top antidoping official was replaced after Rio's testing facility was suspended by international authorities.
    • "I hate to use this phrase again, but it's like another perfect storm," announced organizing committee spokesman Mario Andrada.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Fri, Jul. 1, 4:04 AM | 13 Comments
  • Tue, Jun. 28, 4:22 PM
    • The central government posted a primary budget deficit of 15.494B reals ($4.68B) in May - the largest-ever May deficit, but slightly less than expectations.
    • The government's estimate for a full year deficit of 170.5B reals remains on track, says new Treasury chief Ana Paula Vescovi, who also says her department will not authorize a new credit line for Rio de Janeiro to finish a metro line for the Olympics until the state pays previous debts with the federal government.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Tue, Jun. 28, 4:22 PM | 4 Comments
  • Wed, Jun. 22, 6:20 AM
    • Acting Brazilian President Michel Temer has authorized the transfer of 2.9B reais ($849M) from the federal government to Rio de Janeiro state, which is struggling with a fiscal crisis less than two months before the Olympic Games.
    • Rio declared a "public calamity" last week as a result of its deteriorating finances, which have forced deep cuts to crucial services such as education, health care and policing.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Wed, Jun. 22, 6:20 AM | 8 Comments
  • Sun, Jun. 19, 8:28 AM
    • Brazil's government has agreed to provide funding to Rio de Janeiro after the host of this year's summer Olympics declared a state of financial emergency.
    • Acting President Michel Temer's administration will ask Congress to authorize a one-time payment of 2.9B reais ($850M) to help the state complete work on its subway system and pay civil servants, including overtime for police officers.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Sun, Jun. 19, 8:28 AM | 17 Comments
  • Thu, Jun. 16, 11:54 AM
    • Brazil’s Acting President Temer denies allegations that he sought inappropriate campaign donations for his party, after being directly implicated in the Petrobras (PBR -1.7%) corruption investigation for the first time.
    • The former head of PBR's transportation unit said in newly released plea bargain testimony that he organized at Temer’s request a donation from a construction firm to Temer’s party in exchange for a leg up on winning contracts.
    • Brazilian news media have reported leaked portions of plea testimony in recent weeks, including allegations that resulted in two of Temer’s cabinet ministers stepping down last month.
    • ETFs: EWZ, BRF, BRZU, EWZS, BZQ, BRAQ, BRAZ, UBR, DBBR, FBZ
    | Thu, Jun. 16, 11:54 AM | 8 Comments
BZQ Description
ProShares UltraShort MSCI Brazil Capped seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the MSCI Brazil 25/50 Index®.
See more details on sponsor's website
Country: Brazil
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