As the rally across Latin America continues into the summer, investors need to be wary of the catalysts to the rally versus the reality of the expected change.
Brazil suddenly has the eyes of global investors, let alone EM investors.
As far as Itaú BBA is concerned, the looming quarterly results from Latin America’s biggest telecom carriers will be uneventful — but any surprise could still move these stocks.
Brazil is entering a four-year cycle in which it will become the focal point of billions around the world for hosting the World Cup and Olympics. Along with the greater attention of those from around the world will come greater investments in Brazil’s infrastructure to make it a showcase for both events.