Coronavirus Has Brazil In Terrible Shape As Wall Street Sours [Forbes]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Forbes
Unemployed Brazilians wait in line for aid money at a state-owned bank in Rio on Tuesday, April 28,... [+]2020. (AP Photo/Silvia Izquierdo)ASSOCIATED PRESSBrazil has had a rough five years. This one is not shaping up to be any better.The pandemic hit Brazil harder than any other Latin American nation in terms of infections and death toll and that, coupled with a political scene fit for a Globo telenovela, has the market in worse shape than its counterparts.No matter what time frame — one week, three months, six months or year-to-date — Brazil is worse for wear. As an investment, the iShares MSCIThis is a money losing machine, when played from a broad index strategy.MORE FROM FORBESBrazil Is Least Prepared For Pandemic, But India Is Even WorseByKenneth RapozaToday In:Here Are All The Companies Returning PPP After Public BacklashBrazil is considered a commodity theme by most investors. If soybean prices fall, Brazil falls. Oil? Brazil falls hard because its oil major, Petrobras (PBR),
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