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Wall Street moved on Brazil in September. Fitch is watching the other side
Markets• 3h ago

Wall Street moved on Brazil in September. Fitch is watching the other side

In one month, the share of Latin American fund managers bullish on Brazilian stocks went from 34% to 73% in Bank of America's survey. Morgan Stanley raised its Petrobras target and BlackRock launched a Brazilian bond fund in Europe. Fitch, meanwhile, warns that high interest rates are driving more defaults and downgrades.