18 Quotes by Carlos Hokama
- Author Carlos Hokama
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The rates outlook is positive and the real is rebounding, but the (inquiry) still makes the market uncomfortable. The market is just advancing cautiously.
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- Author Carlos Hokama
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With economic measures on the path to being completely approved the markets are very optimistic in general. We've also still got new buyers coming into market.
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- Author Carlos Hokama
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Brahma was one of the highlights, though there was no clear reason.
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- Author Carlos Hokama
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Argentina is still a big factor in markets' behavior. People are worried about Brazil's currency and about its economic recovery.
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Emerging market stocks were hit hard today, along with their bonds. Lingering fears over higher U.S. interest rates triggered profit-taking again, one day after we saw some good rallies.
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- Author Carlos Hokama
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Due to these two factors, the market is in waiting mode.
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The (stock) market nervously followed New York again, slightly affected by the delay in ruling on the FGTS workers' fund. But we weathered New York fall quite well.
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Our decline was all in function of what was happening outside Brazil. But we were also with an accumulated rise of 14 percent and we needed a reason to take profits.
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The moment investors confirmed the size of the rate hike, they jumped to buy stocks. Needless to say, the U.S. stock market rally is also helping sentiment.
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