Brazil's Big Move
Soaring commodity prices and relative stability during global market turmoil has made Brazil the largest share of the MSCI Emerging Market Index, edging China out with a 14.95 per cent share (China holds 14.15 per cent share). While the Chinese stock markets have corrected, the Brazilian market, led by juggernauts Vale and Petrobras, remains high.
Snapshot asks, will commodity prices fall and cause a correction in Brazil's market or will they stay high enabling Brazil to sustain its current rise?
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