- Lower inflation is a key reason why Citigroup remains comfortable with its overweight recommendations for both countries' stock markets.
- It's likely to drive positive economic conditions in Brazil and, in Argentina, should help Mauricio Macri get re-elected, which should ensure continued austerity measures, Citigroup strategist Guilherme Assis said in an interview with Bloomberg News.
- In Brazil, "companies have reduced costs, increased efficiency and are able to grow without making huge investments," he said. He favors financials and consumer staples.
- ETFs: EWZ, BRZU, ARGT, BZQ, UBR, FBZ
- Previously: Brazil aims to make Vale private again, government official says (Feb. 13)