20 January 2010

BRASIL: Bovespa, Real Drop On China Lending Curbs.


BLOOMBERG/
Brasil's stocks tumbled the most since November and the real slid after China curbed bank lending. “Big changes in China are worrying investors,” said fund manager Guilherme Figueiredo. The deterioration of Brasil’s current account “leaves no room for the real to gain this year,” said economist Jankiel Santos, who expects the real to weaken to 1.90 per dollar by year end.