FastSaying

If you make things easier for Mexico, you end up making them easier for Brazil.

Carlos Augusto Levorin

Brazil

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I think the news of Mexico's upgrade to investment grade also is helping Brazil. People are thinking Brazil could also have some sort of upgrade.
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The S&P news helped. But we are having large inflows as big banks move more money into Latin America.
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The market needs more money to make a new push and that money will probably have to come from foreign capital because domestic capital is starting to even out.
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The market is much calmer. Basically it was the continuation of yesterday's trend today, helped by a rise in U.S. stocks.
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The U.S. economy appears to be slowing faster than we thought, people are eyeing a recession and, in the heat of the moment, that is causing panic.
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