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Deutsche Bank WM: Bovespa correction to be manageable but new president must act hard and fast

While a correction may be in the making after the Bovespa shot up 35% year-to-date, Deutsche Bank Wealth Management expects it to be manageable and limited, although sustained economic optimism will depend on Brazilian president, Michel Temer, who has a “limited window of opportunity”. US$465 million of foreign net outflows were registered in August while ETF flows shorting Brazilian equities outpaced long…

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