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Ubs Recommends Brazil's Actions and Points to It as the Cheapest Emerging
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Brazil’s stock market looks “abnormally” cheap if Petrobras and Vale are excluded, according to a report recently published by the Swiss financial holding UBS. The study places Brazil within the markets overweighted by the Swiss firm within its emerging basket. SEE MORE: Brazil cancels Eduardo Bolsonaro’s two passports for judicial investigation“Let’s focus on Brazilian stock, which is 1.7 cheap standard deviations in terms of the relative price…
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