iShares MSCI Brazil Capped ETF
 (EWZ)

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  • Oct. 22, 2015, 3:58 AM
    • A fresh drive to impeach Brazilian President Dilma Rousseff is again undermining confidence in the country and bringing a decision about her political survival one step closer.
    • The new petition is seen carrying more weight than the two dozen attempts before it, as it's based on a federal audit stating her government doctored fiscal documents to hide the size of the country's massive deficit.
    • The Brazilian real has plunged 32% so far this year, while GDP is forecast to contract 3% in 2015.
    • ETFs: EWZ, BRF, BRZU, BZF, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Oct. 22, 2015, 3:58 AM
  • Oct. 16, 2015, 4:14 PM
    | Oct. 16, 2015, 4:14 PM
  • Oct. 15, 2015, 12:47 PM
    • Brazil’s sovereign credit rating is downgraded to BBB- from BBB by Fitch Ratings, leaving the country just one notch above junk status.
    • Fitch says the downgrade reflects Brazil's "rising government debt burden, increased challenges to fiscal consolidation and a worsening economic growth backdrop."
    • The rating agency leaves a negative outlook on its new rating, suggesting it eventually could become the second major rating agency to downgrade Brazil to junk; S&P cut the country's debt rating to junk last month.
    • Among top Brazil stocks traded in the U.S.: PBR -2.9%, VALE -0.6%, ERJ +0.5%, GGB -0.6%, BSBR -0.3%, BBD -2.2%, ITUB -2.9%.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Oct. 15, 2015, 12:47 PM | 14 Comments
  • Oct. 8, 2015, 2:37 AM
    • Deepening the country's political and economic crisis, Brazil's Federal Accounts Court has ruled President Dilma Rousseff manipulated government budget figures in 2014, just a day after the nation's highest court permitted a lawsuit to annul last year's presidential election.
    • The move paves the way for a potential impeachment against the embattled leader, although any ouster would likely take months and has no guarantee of succeeding.
    • ETFs: EWZ, BRF, BRZU, BZF, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Oct. 8, 2015, 2:37 AM
  • Oct. 7, 2015, 10:11 AM
    • Commodity-related names are soaring as the prices for things pulled from the earth jump and Morgan Stanley says now's the time to buy the brutally beaten-down sector.
    • Brazil's Petrobas (PBR +9.9%) and Vale (VALE +9.6%) are partaking, as are the country's lenders like Banco Santander Brasil (BSBR +9%), Banco Bradesco (BBD +6.1%), and Itau Unibanco (ITUB +5.2%).
    • The iShares MSCI Brazil Index ETF (EWZ +4.1%)
    • ETFs: EWZ, BRF, BRZU, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Oct. 7, 2015, 10:11 AM | 5 Comments
  • Oct. 6, 2015, 10:31 AM
    • As expected, the IMF trims its outlook for global GDP growth for both this year and next. The agency expects growth of 3.1% in 2015 and 3.6% next year, both twenty basis points lower than the previous forecast. Growth was 3.4% in 2014.
    • While growth in developing economies is expected to rise, it's slowing action in emerging markets - from 4.6% last year to 4% this year - leading the decline.
    • China GDP growth is still expected to slip to 6.8% this year and 6.3% next year from 7.3% in 2014. It's Brazil, however, which got the big revisions - negative 3% in 2015 (down 150 bps from previous) and negative 1% in 2016 (down 170 bps from previous).
    • ETFs: EWZ, BRF, BRZU, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Oct. 6, 2015, 10:31 AM
  • Oct. 2, 2015, 4:07 PM
    | Oct. 2, 2015, 4:07 PM | 5 Comments
  • Oct. 2, 2015, 4:32 AM
    | Oct. 2, 2015, 4:32 AM
  • Sep. 25, 2015, 4:06 AM
    • The real enjoyed a massive rally on Thursday after the governor of Brazil's central bank vowed to use "all instruments" available to policymakers to stem the currency's recent slide.
    • Busting a five-day losing streak, the real rallied as much as 7% intraday, its biggest gain since November 2008.
    • On Wednesday, the bank announced plans to auction $2B worth of currency swaps over two days - restarting a program that was scrapped earlier this year.
    • Previously: Brazil gives the real a boost (Sep. 24 2015)
    • ETFs: EWZ, BRF, BRZU, BZF, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Sep. 25, 2015, 4:06 AM | 2 Comments
  • Sep. 24, 2015, 2:48 AM
    • Brazil's central bank intervened to try to calm the country's volatile forex market yesterday, using currency-swap contracts and auctions of dollar-repurchase agreements to prop up the real.
    • Over the past year, the currency has lost about 70% of its value against the dollar due to a struggling economy and corruption scandal at Petrobras that may see the state intervene with a bailout.
    • Brazil's sovereign credit rating was also dinged earlier this month after Standard & Poor's downgraded it to junk status.
    • ETFs: EWZ, BRF, BRZU, BZF, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Sep. 24, 2015, 2:48 AM | 3 Comments
  • Sep. 18, 2015, 2:39 PM
    • Cutting short what had been its biggest weekly rally in five months, Brazil's Bovespa is lower by 2.7%, more than halving its advance over the past five sessions.
    • "The economy is falling to pieces, and we need signals that things can improve before this year ends," says Eleven Financial's Adeodato Volpi Netto, summing up the conventional wisdom on the country.
    • PNC Financial's Bill Adams thinks GDP could end up contracting 3% in 2015, noting recent data point to a continuing decline in H2.
    • EWZ -4.45%
    • The banks: Banco Bradesco (BBD -7.7%), Itau Unibanco (ITUB -6.2%) Banco Santander Brasil (BSBR -6.4%)
    | Sep. 18, 2015, 2:39 PM | 3 Comments
  • Sep. 15, 2015, 5:20 AM
    • Brazil announced a new round of spending cuts and tax hikes in an effort to narrow a budget deficit after the nation's credit rating was reduced last week.
    • The new measures total 65B reais ($16.9B), including tough cuts in public health and housing spending.
    • Brazil is racing to get ahead of more credit agency cuts to speculative territory after S&P acted last week.
    • ETFs: EWZ, BRZU, BZQ, UBR, DBBR, FBZ
    | Sep. 15, 2015, 5:20 AM
  • Sep. 10, 2015, 5:34 PM
    • Petrobras (NYSE:PBR) is downgraded to junk status with a negative outlook by Standard & Poor's, a day after cutting Brazil’s sovereign debt to junk.
    • The ratings agency cuts the state-run company's credit ratings by two notches, to BB from BBB-, joining Moody’s in moving PBR to junk; Fitch classifies PBR at the lowest investment grade with a negative outlook.
    • S&P also downgrades ~30 other Brazilian state companies, including electric utility Eletrobras (NYSE:EBR), which is lowered to BBB-; ratings and outlooks for Vale (NYSE:VALE), Embraer (NYSE:ERJ) and Gerdau (NYSE:GGB) are not changed.
    • Earlier: Petrobras' investment plans at risk from S&P downgrade
    • ETFs: EWZ, BRF, BRZU, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Sep. 10, 2015, 5:34 PM | 7 Comments
  • Sep. 10, 2015, 9:21 AM
    • The Bovespa is down 2.2% and the real off 2.9% to 3.8944 per dollar after S&P last night downgraded Brazil's credit rating to the junk level for the first time since 2008.
    • "The first reaction will be to sell, but there’s hope that this is the shock the politicians need to take action," says fund manager Paul McNamara, figuring the real will slide below four per dollar "sooner rather than later."
    • EWZ -3.6% premarket
    • Individual names: Petrobas (NYSE:PBR) -6.3%, Banco Bradesco (NYSE:BBD-4.4%, Itau Unibanco (NYSE:ITUB) -4.8%, Banco Santander Brasil (NYSE:BSBR-3.9%.
    • Previously: S&P lowers troubled Brazil's rating to junk (Sept. 9)
    • ETFs: EWZ, BRF, BRZU, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Sep. 10, 2015, 9:21 AM | 9 Comments
  • Sep. 9, 2015, 7:42 PM
    • Standard & Poor's has cut Brazil's investment-grade credit rating to junk for the first time since 2008, warning it could lower it again in coming months.
    • The firm pointed to political challenges putting a balanced budget at risk in lowering its rating to BB+ (the highest speculative rating).
    • Fitch and Moody's still have Brazil at investment grade -- for now. But if either one follows suit, as Brazil's situation rapidly degrades, it would trigger massive cash outflows from pension funds.
    • The move by S&P comes just six weeks after the agency lowered its outlook and warned of a ratings cut. Since that time, the Brazilian Real has slipped from 3.43/dollar to 3.7827/dollar.
    • After-hours action in ETFs: EWZ -7.2%, BRZU -20.4%.
    • Related ETFs: BRXX, BRAQ, BZQ, BRAF, UBR, DBBR, FBZ
    • Previously: Brazil's investment grade rating at risk (Jul. 29 2015)
    | Sep. 9, 2015, 7:42 PM | 17 Comments
  • Sep. 4, 2015, 4:11 PM
    | Sep. 4, 2015, 4:11 PM
EWZ Description
The iShares MSCI Brazil Capped Index Fund (the “Fund”) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Brazil 25/50 Index (the “Underlying Index”).
See more details on sponsor's website
Country: Brazil
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