BZF: WisdomTree Brazilian Real ETF Market Currents Page 5

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Friday, October 7, 2011, 10:56 AM "The market can only focus on one thing at a time," says Vitaliy Katsenelson, whose eye is not on Europe, but on China and Japan. The collapse in copper prices is "just the beginning," he says, as China is headed for a hard landing. Commodity sensitive stocks like CAT look cheap, but they're going to "get a lot cheaper." 1 Comment [Global & FX, Commodities, Energy]
Friday, October 7, 2011, 8:44 AM The dollar is diving against most major currencies. The euro crosses above the $1.35 level for the first time this month. The loonie is the big winner so far today, +1.2%, as the NFP number combines with a big beat in the Canadian employment report. 1 Comment [Global & FX, On the Move]
Wednesday, October 5, 2011, 9:36 AM Brazil services PMI drops to 50.5 from 52.2 in August, the lowest print in more than 2 years. This follows Monday's news of the 4th consecutive month of contraction in the manufacturing sector, that PMI dropping to 45.5 in September. Comment! [Global & FX]
Tuesday, October 4, 2011, 4:00 PM The news from Europe torches a few dollar bulls, as all of the "risk" currencies melt higher to the tune of 1% or more in the space of a few minutes. 9 Comments [Global & FX, On the Move]
Tuesday, September 27, 2011, 9:11 AM Brazil slashes its gasoline tax in a move designed to stymie inflation after the real plunged over the last month vs the dollar. The 16% cut in the Cide tax will prevent the state-run oil company from passing on cost increases on imports to consumers. Comment! [Global & FX]
Friday, September 23, 2011, 8:57 AM Brazil's much-trumpeted "new C class" - the nearly 40M people who joined the middle class since 2003 - is in danger of slipping back into poverty. Causes for the reversal include a slowing economy, rising inflation, and the upcoming collision of debt-fueled consumption and higher interest rates. 1 Comment [Global & FX]
Thursday, September 22, 2011, 9:44 AM The plunge in the real - off another 4% today - is bringing calls for Brazil to intervene to prop up its value; this after the government has spent every day of the last year trying to weaken the currency. The real is lower by 13.5% this week, the steepest plunge since 1999 when the dollar peg was dropped, BZF -3.1%. Brazilian shares ETF EWZ -5.3%. Comment! [Global & FX, On the Move]
Monday, September 19, 2011, 3:44 PM Down sharply again today, the formerly charging real has lost 11% of its value against the greenback this month. While a flight from risk assets is a factor, the surprise Brazilian interest rate cut in August in the face of worsening inflation numbers looks like the true catalyst. BZF -2.7%. 1 Comment [Global & FX]
Wednesday, September 7, 2011, 3:45 PM Brazil's always quotable finmin Guido Mantega calls the SNB's installation of a ceiling on the franc an act of "desperation," and reiterates his belief in floating exchange rates. Mantega is feeling his oats a bit as market wobbles and a surprise rate cut have weakened the real about 4% over the past weeks. 3 Comments [Global & FX]
Tuesday, September 6, 2011, 10:49 AM Brazilian inflation for August rises 0.37%, against expectations for a 0.36% increase. The Y/Y pace of 7.23% is the fastest in more than 6 years. Seemingly worried more about slumping demand than prices, the central bank unexpectedly cut rates 50 bps last week. Comment! [Global & FX]
Friday, September 2, 2011, 9:59 AM Brazil's Q2 GDP rises 0.8%, lower than Q1 of 1.2%, but inline with expectations. The annualized growth rate is 3.1% vs 7.5% in 2010. The central bank surprised markets earlier this week with a 50 basis point rate cut to 12%. EWZ -2.9%. Comment! [Global & FX]
Thursday, September 1, 2011, 4:35 PM On the surprise Brazilian rate cut, a divergence opens between applauding global institutions and domestic banks that see the move as premature. "(The cut) could promote a dangerous new round of deterioration in inflation ... leading to a loss of credibility for the monetary authority." writes a strategist with a Sao Paulo bank. 1 Comment [Global & FX]
Wednesday, August 31, 2011, 3:27 PM Share buybacks are surging in Brazil as companies try and take advantage of one of the worst-performing markets in 2011. Analysts would rather the firms use cash to expand in the speedy economy - one reason Petrobas (PBR) isn't partaking. "Buybacks are for companies with cash, but no projects. We have cash, but we have projects," says its CEO. Comment! [Global & FX]
Tuesday, August 30, 2011, 11:05 AM Bill Gross may be "crying in his beer" over his bet on Treasurys that cratered, but he stays on script in his latest edition of Investment Outlook, titled New-Fangled Love Songs. He writes 10-year Treasurys are "discounting a heap of trouble," adding he prefers the "cleaner" dirty shirts of Canada, Mexico and Brazil due to their higher yields and stronger balance sheets. 1 Comment [U.S. Economy, Global & FX, Quick Ideas]
Tuesday, August 30, 2011, 8:09 AM Tax revenues gushing in faster than expected, Brazil does the unexpected - banking $6.3B instead of spending it. By tightening government outlays, finmin Mantega is hoping to create conditions where the central bank can begin to lower its benchmark rate, currently at 12.5%. Comment! [Global & FX]
Monday, August 29, 2011, 3:05 PM While economists expect at least a temporary end to the rate hike cycle in Brazil, chatter of renewed fiscal austerity has traders betting on the chance of a rate cut on Wednesday. With inflation at 7.1% and unemployment near record lows, folks are getting ahead of themselves. EWZ +3.5%. Comment! [Global & FX]

BZF WisdomTree Brazilian Real ETF

BZF

WisdomTree Brazilian Real ETF