Defense Mode Bag: BTG Sees Ibovespa at 170,000 Points and Dollar up to 15% More Expensive After Lula Win – Money Times
5 Articles
5 Articles
With the re-election of President Luiz Inácio Lula da Silva, in contrast to what anticipated the market and the latest polls of voting intent, the BTG Pactual in its strategy report recommends defensive actions. Exporting and deleveraging companies appear among the suggestions considered a "safe port". Exclusive material for subscribers. To have full access, access the link of the subject and make your registration.
Latin America's largest investment bank projects long interest above 8%, real up to 15% weaker and smaller cuts from Selic while the government does not present credible tax plan; exporters and low-indebted companies tend to resist better
The re-election of President Luiz Inácio Lula da Silva (PT), who surprised market analysts and defeated Senator Flávio Bolsonaro (PL) in the second round of the elections, can take down the Ibovespa, the main index of the Brazilian Stock Exchange (B3), and make the dollar shoot about 15%, according to projections of BTG Pactual. In a report released on Monday, 26, the analysts of the financial institution state that the main indicator of the per…
The BTG Pactual foresees a sealoff of Brazilian assets in the coming weeks. The bank projects a fall of 17% of the Ibovespa to about 170,000 points – the level on which it was at the end of August and below 192 thousand points before the first turn. For the foreign investor, the damage must be greater: combined with currency devaluation, the fall of the Stock Exchange in dollars may reach 30%, according to the BTG – which estimates a depreciatio…
The Ibovespa can fall to the range of 170,000 points, while the real can lose from 10% to 15% of its value after the re-election of President Luiz Inácio Lula da Silva. This is the scenario drawn by BTG Pactual, which sees the risk of pressure on Brazilian assets in the face of fiscal and [...]
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