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iShares MSCI Brazil Capped ETF (EWZ)

- NYSEARCA
  • Fri, Mar. 6, 11:27 AM
    • Brazil’s Supreme Court is expected to unseal a list of 54 names, including congressmen and other federal officials, who could be investigated in the Petrobras (PBR -1.6%) scandal.
    • Leaks suggest the list contains the names of speakers of the lower house of Congress and the Senate, both belonging to the main partner of Pres. Rousseff’s Workers’ Party in the governing coalition.
    • PBR shares have dropped more than 8% this week.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRZU, BRAQ, BZQ, BRAZ, BRAF, UBR
    | 2 Comments
  • Wed, Mar. 4, 12:09 PM
    • The iShares MSCI Brazil ETF (EWZ -3.2%) tumbles following Brazil's Attorney General last night asking the country's top court to begin investigating politicians as part of the Petrobas probe. the EGShares Brazil Infrastructure ETF (BRXX -2.9%).
    • Thus far, President Rousseff hasn't been implicated in the scandal.
    • Previously: Petrobras scandal set to snare Brazil politicians (March 4)
    • Meanwhile, Brazilian officials are huddling with ratings agencies this week, raising fears of debt downgrade.
    • The Bovespa is lower by 1.6%. Itau Unibanco (ITUB -3.2%), Banco Bradesco (BBD -4.3%).
    • ETFs: EWZ, BRF, BRXX, EWZS, BRZU, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | 2 Comments
  • Thu, Feb. 19, 2:02 PM
    • Oi SA (NYSE:OIBR) is off 7.4% and has been as low as -9.7% in the past hour, leading a pack of related Brazilian stocks in declines (also trading lower: PT, -2.3%; VIV, -0.7%; TSU, -0.2%).
    • Telecom Italia (NYSE:TI) -- trying to merge its TIM with Oi -- is off 1.6%.
    • The Brazilian real's slipped 1.1% against the dollar, which is showing strength against several global pairs, including the Swiss franc, the Loonie and the euro.
    • ETFs: EWZ -1%. Other related funds: BRF, BRXX, EWZS, BZF, BRZU, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | 2 Comments
  • Fri, Jan. 30, 4:30 PM
    | 2 Comments
  • Tue, Jan. 20, 5:49 PM
    • Monday’s massive blackout is raising concerns that electricity rationing may hit Brazil this year, dealing a major blow to the country’s already fragile economy.
    • Critics say the government's unwillingness to take politically unpopular actions, such as raising water rates and enforcing strict conservation, has made a bad situation worse.
    • The blackouts also caused some economists to revisit their forecasts; the chief economist at Banco Votorantim in São Paulo projects Brazil’s economy to grow just 0.1% this year, with even that figure too optimistic if electricity rationing occurs.
    • Relevant tickers: EWZ, CIG, CPL, EBR, ELP, BRZU, BZQ, UBR, DBBR, FBZ
    | 10 Comments
  • Fri, Jan. 9, 8:18 AM
    • Monthly inflation sped up to 0.78% in December vs. 0.51% the previous month, and matching economist forecasts. Annualized inflation slowed to 6.41% from 6.56%, inside of the government's targeted range (2.5-6.5%), but scraping the high end.
    • The central bank has continued to hike rates since Dilma Rousseff won re-election last fall, and the Selic rate - now at 11.75% - is expected to hit 12.5% by year-end.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRZU, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Comment!
  • Fri, Jan. 2, 3:01 PM
    • A continued retreat in commodity prices is as good of an excuse as any for a 3% decline in Brazil's Bovespa (EWZ -3.5%), but Mexico is down 2% after its manufacturing PMI rose to a 2-year high of 55.3. EWW -2.6%
    • PNC's Bill Adams on oil and Mexico: "The global decline in oil prices is probably a net tailwind for Mexico’s 2015 economic outlook: Oil production is very important to Mexican tax revenues, but far less so for the country’s trade balance or overall economic growth.”
    • The iShares S&P LatAm 40 Index (ILF -2.7%)
    • ETFs: ILF, LBJ, GML, EEML, FLN
    | Comment!
  • Dec. 31, 2014, 11:34 AM
    | Comment!
  • Dec. 11, 2014, 12:36 PM
    • A large net importer of oil, Chile (NYSEARCA:ECH) is the largest Latin American beneficiary of plunging crude prices, says Credit Suisse, upgrading the country to Overweight in its 2015 outlook for Latin America. Columbia (GXG, COLX, ICOL), however, will see a strong negative impact on its trade and fiscal accounts, and is downgraded to Market Weight.
    • Cut to Underweight is Brazil (NYSEARCA:EWZ) even after the recent correction, thanks to poor GDP and earnings outlook, fiscal tightening, forex risk, and a still-pricey valuation.
    • Mexico (NYSEARCA:EWW) remains Market Weight as strong economic fundamentals are balanced out by full valuations.
    • The team remains Underweight Peru (NYSEARCA:EPU).
    • ETFs: ILF, LBJ, GML, EEML, FLN
    | 2 Comments
  • Dec. 5, 2014, 4:18 PM
    | 1 Comment
  • Dec. 5, 2014, 12:02 PM
    • November inflation of 0.51% rose from 0.42% in October, but was less than forecasts for 0.54%. Annual inflation slowed to 6.56% from 6.59%.
    • The central bank hiked the benchmark Selic rate another 50 basis points to 11.75% this week, and Capital Economics' Neil Shearing suggests today's inflation report won't change the bank's perception that any future hikes "should come sparingly."
    • The Bovespa is up 0.75% in today's session.
    • ETFs: EWZ, BRZU, BZQ, UBR, DBBR, FBZ
    | Comment!
  • Nov. 28, 2014, 8:01 AM
    • GDP grew at a 0.3% annualized rate in Q3, exiting recession, but at a pace roughly half of that forecast by economists.
    • “The worst is behind us in terms of growth, but the situation is still very bad,” says Enestor dos Santos, principal economist at BBVA. “We’re going to see the negative impact of the fiscal adjustment everybody’s celebrating. I view this positively, but in the short term this shock (the administration's pledge to cut the budget deficit) is negative news for growth.”
    • EWZ -2% premarket, with PBR -6.4% as the price of oil plummets.
    | 2 Comments
  • Nov. 25, 2014, 12:31 PM
    • Brazil Pres. Rousseff reportedly will appoint former treasury secretary Joaquim Levy as finance minister later this week, a move that has moved major Brazilian stocks higher although the move had been anticipated.
    • Levy, head of Bradesco Asset Management, is considered a fiscal hawk who helped Brazil obtain its investment credit grade as treasury secretary; he will replace Guido Mantega, who said he will step down for personal reasons.
    • PBR +1.8%, VALE +0.4%, BBD +0.7%, BSBR +5%, ITUB +0.5%, GOL +1.3%.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRZU, BRAQ, BZQ, BRAZ, BRAF, UBR, BRZS, DBBR, FBZ
    | Comment!
  • Nov. 21, 2014, 4:21 PM
    | Comment!
  • Nov. 21, 2014, 10:06 AM
    • Petrobras (PBR +7.2%) and Vale (VALE +9.6%) surge higher in anticipation that Brazil may appoint a new market-friendly finance minister today, perhaps signaling a shift away from the leftist, interventionist policies blamed for Brazil's stagnant economic growth in recent years.
    • One of three reported finalists for the job is University of Chicago-trained Joaquim Levy, CEO of Bradesco Asset Management, an arm of Banco Bradesco (BBD +4.9%); he is considered a fiscal hawk who helped Brazil obtain its investment credit grade in a previous stint at treasury secretary.
    • The other contenders are said to be central bank president Alexandre Tombini and Nelson Barbosa.
    • Also: ITUB +3.8%, BSBR +2.9%, GOL +4.6%.
    • ETFs: EWZ, BRF, BRXX, EWZS, BRZU, BRAQ, BZQ, BRAZ, BRAF, UBR, BRZS, DBBR, FBZ
    | 1 Comment
  • Nov. 19, 2014, 3:09 PM
    • “The Brazilian economy is in a perilous state," says Nomura's Tony Volpon after a recent visit. Among the red flags: A weakening labor market, inflation above target, a primary government budget deficit, a trade deficit, and a corruption scandal engulfing the country's largest corporation, Petrobas. "One could conclude that the Brazilian economy is unraveling."
    • Maybe more important than the political consequences of the Petrobas investigation are the economic ones, says Volpon, noting the probe is spreading to companies in the electricity and financial sector which do business with the giant. While the scandal is good for clearing out the pipes in the medium-term, in the short-term, there's the chance of "a negative supply-side exogenous shock of unknown proportions."
    • ETFs: EWZ, BRF, BRXX, EWZS, BRZU, BRAQ, BZQ, BRAZ, BRAF, UBR, BRZS, DBBR, FBZ
    | 3 Comments
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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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