A change in Brazil’s government could provide a boost to the emerging market’s economy, JPMorgan Chief Emerging Markets Strategist Adrian Mowat said Wednesday.
“Investors are looking for policy change in Brazil so we should get some momentum into the October election,” he said on CNBC’s “Fast Money.”
Mowat recent upgraded Brazil to an “overweight” rating, as the hope of policy change rises and relative momentum remains strong.
“I think there’s been a number of important factors for Brazil this year. One, the price of borrowing for emerging market companies has been falling. … We’ve seen currency strength has come down and we’ve seen very strong flows into EM fixed income,” said Mowat. “We’ve also got the hope of policy change.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.