Concerns about Europe should affect stock market performance in Brazil this month. That is what we learn from the reports of Banif and Bradesco Corretora. Companies with greater exposure to domestic market are pointed as safe ports. Banif: Tension in Europe and USA likely to overshadow positive economic news While key indicators of economic activityContinue reading “Stocks in Brazil – December Outlook compromised by concerns in Europe”
Tag Archives: Bradesco Corretora
More Brazilian milionaires
In June, the Boston Consulting Group report announced that Brazil had over 127 thousand millionaires. The last data from ANBIMA shows that it has gone up again. This week the Brazilian Association of Entities in the Financial and Capital Markets (Anbima) has estimated that Brazil has around 150 thousand people with more than R$million in financialContinue reading “More Brazilian milionaires”
Tourism in Brazil grows more then country’s GDP
Between 2003 and 2007, revenues generated by tourism grew more than the economy as awhole. During the period, tourism rose 22%, while Brazilian GDP grew 19.3%. The highlights were service sand highway transportation. In spite of this growth,tourism still accounts for just 3.6% of Brazilian GDP. Source: Bradesco Corretora
Electricity consumption in May: Strong Growth
Electricity consumption in May went up 10.5% YoY, according to the Federal energy research bureau (EPE). Industrial segment was the main responsable for this figures. Industrial consumption reached +15.4% YoY. It means that industrial activity is growing fast.g relevant growth. “After the financial crisis, we highlight the mining and steel sector, with consumption growing 50.7%Continue reading “Electricity consumption in May: Strong Growth”
Brazilian millionaires
Brazil has 127k families with net worth above US$1mn, according to Boston Consulting Group research just made public recently. This means that Brazil is 17th in the ranking of countries with the most millionaires. The US ranks 1st with 4.1mn households, Japan comes in 2nd, and China, 3rd. India and Brazil, together with China, are the only emerging markets on the 20-countryContinue reading “Brazilian millionaires”
BRAZILGLOBAL.NET 