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Morgan Stanley Downgrades Brazil Stocks as Fiscal Risks Loom

Morgan Stanley downgraded Brazilian stocks to underweight, warning that the country’s burgeoning fiscal deficit may overwhelm central bank attempts to control inflation, forcing interest rates higher.

By: financialpost.com

Nov 18 2024
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(Bloomberg) — Morgan Stanley downgraded Brazilian stocks to underweight, warning that the country’s burgeoning fiscal deficit may overwhelm central bank attempts to control inflation, forcing interest rates higher. Read More

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