#Fitch #brazil corporates face lowest consumer confidence in four years. Concern about capex reductions done to protect cash flows.
#Fitch #brazil outlook on Brazilian banks is stable.
#Fitch #brazil government freezes on spending anchor expectations but too early to tell if freezes will deliver the promised primary surplus
#Fitch #brazil elements contributing to slowdown: China slowing; difficult neighborhood (Argentina); tighter liquidity; volatility in EM
#Fitch #brazil subdued consumer and business confidence are domestic issues constraining growth.
#Fitch #brazil even with subdued growth external balance sheet remains very strong. Cbank balance sheet is strong.
Fitch briefing on #brazil continues to be stuck in sub-optimal equilibrium. Cyclical and structural slowdown factors.
NEW YORK (Reuters) – Rising tension between Russia and the West has rattled the country’s stock and bond markets, but some big money managers see the turbulence as an opportunity.
Russia’s equity market has plummeted 18 percent so far this year. Foreigners dumped the country’s stocks, bonds and the ruble following the early March invasion of Crimea, a territory of Ukraine. It now faces economic sanctions that could worsen if the crisis escalates.