BZF: WisdomTree Brazilian Real ETF Market Currents Page 6

Quote & Headlines Market Currents StockTalk

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

Friday, August 19, 2011, 3:47 PM Goldman cuts its GDP growth forecast for Brazil to 3.7% from 4.5% on a deteriorating global outlook, saying local economic data has softened "more and faster" than anticipated. Comment! [Global & FX]
Wednesday, August 17, 2011, 4:38 PM Brazil's economy shows a monthly contraction for the first time since December 2008, the June economic activity index falling 0.26%. May's expansion was revised sharply lower as well. STIR futures jump as traders bet the central bank rate hike cycle can now end. Next meeting: August 31. EWZ +2%. Comment! [Global & FX]
Wednesday, August 10, 2011, 5:25 PM Brazilian president Rousseff - facing a rebellion in Congress over her plan to keep spending reined in - tells her allies austerity is the best way of keeping the global tumult from hurting the country even more. Stung by a combination of a strong currency and worries of a credit bubble, Brazilian shares, EWZ -25% YTD, are among the worst performers this year. 1 Comment [Global & FX]
Tuesday, August 9, 2011, 4:45 PM Brazilian finmin Mantega warns of a slumping global economy for the next 2 years as developed nations focus on government finances rather than growth. He says these conditions will continue to lead to capital seeking out higher returns in places like Brazil, putting upward pressure on the real. EWZ +4.5%, BZF +1.9%. Comment! [Global & FX, U.S. Economy]
Friday, August 5, 2011, 11:15 AM As hard hit as any market during the recent sell-off, Brazil could be set for more declines, says Richard Ross. An indicator flashing heavily oversold - typically a buy sign - is actually confirming a sell signal, he argues. The Bovespa is off 20% from its November peak. EWZ -1.9%. Comment! [Global & FX]
Wednesday, August 3, 2011, 12:23 PM Brazil's June industrial output drops a greater-than-expected 1.6% bringing the Y/Y gain down to just 0.9%. Combined with another report showing Brazilian exporters losing market share abroad, it's more evidence of the real's strength putting a significant bite on the economy. Brazil ETF: EWZ -2.7%. Real ETF: BZF flat. Comment! [Global & FX]
Monday, August 1, 2011, 1:01 PM With the greenback weak and sentiment overwhelmingly negative, Peter Brandt notes the chart structure of the dollar index today is nearly identical to the 2008 lows. "Tell me something bearish about the dollar today that I do not already know," says Brandt. 1 Comment [Global & FX, Quick Ideas]
Monday, August 1, 2011, 9:24 AM Brazil's PMI falls to 47.8 in July from 49 previously. It's the lowest print since May 2009 as tight monetary policy and a surging real continue to take effect. Up 1.1% premarket, EWZ is -8.9% YTD. The currency ETF, BZF, is +11% YTD. (PR) Comment! [Global & FX]
Wednesday, July 27, 2011, 9:50 AM The real drops from a 12 year high vs. the greenback following Brazilian government measures aimed at currency traders, including imposition of a 1% tax on short dollar positions. Real ETF: BZF -1.5%, Shares ETF: EWZ -2.7%. Comment! [Global & FX]
Wednesday, July 27, 2011, 8:50 AM Despite a powering economy, Brazil is one of the worst-performing equity markets in 2011, -13.5%. Higher interest rates, a strong real, government interference in leaders VALE and PBR, and the emergence of the ugly part of a credit boom are to blame. However, once the rate cycle turns, the country's shares may look very attractive. Comment! [Global & FX, Quick Ideas]
Wednesday, July 27, 2011, 8:35 AM "Speculators have been burnt many times before," says a bank currency trader, warning the dollar's daily record lows vs. the yuan could soon provoke a response from the PBOC (not to mention the BOJ, SNB RBA, ECB, BOC, and Brazil). Comment! [Global & FX, Quick Ideas]
Wednesday, July 27, 2011, 7:48 AM More on Banco Santander (STD) earnings: Spain remaining a drag on profits had been expected, but of surprise is a surge in problem loans in Brazil. It will likely add to recent alarms about an unsustainable credit binge in that country. Shares -4.9%, underperforming a weak EU banking sector. 1 Comment [Global & FX, Financials]
Thursday, July 21, 2011, 8:09 AM Banco Central Do Brasil raises the Selic interest rate to 12.5% from 12.25%, and takes a neutral bias on inflation risks. Brazil's central bank points to ending a period of tightening by dropping "prolonged period" from its statement when describing adjusting monetary conditions. Comment! [Global & FX]
Wednesday, July 20, 2011, 12:37 PM Euro strength "depends entirely on your vantage point," writes Ambrose Evans-Pritchard. The currency looks decent vs. the greenback, but has crashed vs. several currencies. An epic rally is in store for the euro should an EMU breakup - with one or more of the weak states leaving - occur. 2 Comments [Global & FX]
Tuesday, July 12, 2011, 4:30 PM Neil Shearing weighs in on the Brazilian consumer credit debate, agreeing it's growing at an unsustainable pace, but not seeing a threat to the banking system. A break in credit growth is likely to manifest itself in a sharply slowing economy - i.e. no catastrophe, just more years of the country not living up to its potential. Comment! [Global & FX]
Tuesday, July 5, 2011, 5:30 PM "Absolutely not over," says Brazilian finmin Mantega talking about the global currency wars, and threatening new measures to slow the rise of the real. With interest rates well into the double digits, more hikes to slow the economy would only encourage more capital inflows, leaving capital controls as the next measure. Real ETF: BZF +10% YTD. 1 Comment [Global & FX]

BZF WisdomTree Brazilian Real ETF

BZF

WisdomTree Brazilian Real ETF