: Lower inflation allowed the central bank to cut the Selic rate toward 7.0%, significantly reducing the cost of credit and boosting equity attractiveness.
In 2017, Brazil's stock market was characterized by a robust recovery from a deep recession, with the benchmark gaining approximately 22.3% in local currency and the MSCI Brazil Index returning 24.11% in USD terms . The rally was largely driven by falling inflation and interest rates (the Selic rate), which stimulated domestic consumption and exports. Top Recommended Stocks (2017) brazilian stocks to buy 2017
: The state-controlled oil giant was viewed as a turnaround play following years of political scandal, benefiting from rising oil prices and corporate restructuring. : Lower inflation allowed the central bank to
: Beyond the "big three" (Vale, Petrobras, Itaú), other notable performers included Ambev (ABEV) in consumer goods and SABESP (SBS) in utilities. Msci Inc (MSCI) 60.77% since Jan 4, 2017 As of Apr 28, 15:05 GMT+3 • Disclaimer Dec 30, 2017 MSCI Brazil Index Top Recommended Stocks (2017) : The state-controlled oil