RIO DE JANEIRO, BRAZIL - Despite the critical pandemic situation, the fiscal imbalance and the difficulty in advancing reforms, foreigners are signaling that they are once again betting on Brazil. Since January, the balance of foreign money in B3, the São Paulo stock exchange, has reached a positive R$44 (US$8.7) billion - a figure that sharply contrasts with the first half of last year, when the stock exchange saw an outflow of R$76 billion from foreign investors.
And the market expects this flow to improve even further, driven by large companies' IPOs scheduled for July - such as . . .