EMERGING MARKETS-Latam FX outpaces EM as Brazil's real rises on upbeat economic data [Reuters]
Banco Bradesco Sa American Depositary Shares (each representing one Common Share) (BBDO)
US:NYSE Investor Relations:
bradescori.com.br/sitebradescori/default-en.aspx
Company Research
Source: Reuters
Chile c.bank to keep interest rate at 11.25% - poll Latam FX up 0.5%, stocks add 0.2% By Bansari Mayur Kamdar Feb 10 (Reuters) - The Brazilian real rallied on Friday after data signaled services activity rebounded in December, while better-than-expected industrial output in Mexico boosted the peso. The real gained 0.6% against the dollar after a survey showed services activity in Latin America's largest economy rose 3.1% in December from the previous month, well above expectations. Also helping the real, Brazilian Institutional Relations Minister Alexandre Padilha said on Thursday he was unaware of any discussion within the government about raising the inflation target despite media reports that the move was under consideration. The real had weakened sharply in the previous session to the news, amid growing tensions between President Luiz Inacio Lula da Silva and the central bank. "Brazil, which had a very aggressive tightening cycle, is now be
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