RIO DE JANEIRO, BRAZIL - Despite the start of a troubled year in the market, institutional investors remain optimistic about the Brazilian stock market.
According to a survey conducted by XP Investments, the median of 124 managers, economists and analysts projects that the IBOVESPA will close the year at 135,000 points, representing a high of about 15 percent over the current level. The survey was conducted between February 3rd and 4th. The projection is in line with a compilation made by InfoMoney early in the year with 11 trading houses.
In terms of exchange rates, an average of 120 institutional . . .
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