Emerging market stocks were hit hard today, along with their bonds. Lingering fears over higher U.S. interest rates triggered profit-taking again, one day after we saw some good rallies.
More Quotes from Carlos Hokama:
Argentina is still a big factor in markets' behavior. People are worried about Brazil's currency and about its economic recovery.Carlos Hokama
It was already available, it doesn't change the picture at all.
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The (stock) market nervously followed New York again, slightly affected by the delay in ruling on the FGTS workers' fund. But we weathered New York fall quite well.
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Brahma was one of the highlights, though there was no clear reason.
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The rate cut was positive, but maybe a little conservative, so the market took some profits after initial gains.
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All those who had risen on Internet prospects are now falling with the technology collapse in the states.
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