Morgan Stanley: Brazil Becomes Top Pick in Emerging Markets

In July and August, foreign investors shifted from sellers to net buyers of Brazilian stocks. This reversal ended a downtrend from the earlier months, infusing optimism into Brazil’s financial markets. Morgan Stanley reported that these investors acquired R$ 3.6 billion ($648 million) in stocks during July. Additionally, they purchased R$ 7.0 billion ($1.26 billion) in […]