Foreigners Boost Brazil Bets as Election Heads to Final Stretch
- Stocks have positive foreign flows; shorts on real drop
- JPMorgan sees undemanding valuations and robust earnings
Photographer: Nelson Almeida/AFP via Getty Images
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Brazilian stocks are on track for their best quarter of foreign inflows in a year as the country approaches an election seen as critical for getting the economy back on track.
Foreign investors poured 2.14 billion reais ($524 million) into Brazilian equities last week, pushing the total on the second half of the year to 8.4 billion reais, according to exchange data compiled by Bloomberg.