Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bovespa Yearend Forecast ‘Out of Reach,’ Goldman Sachs Says

The Bovespa stock index may fail to reach a forecast of 78,000 by yearend due to the prospect of higher Brazilian borrowing costs amid quickening inflation, Goldman Sachs Group Inc. said.

President-elect Dilma Rousseff’s ministerial appointments are “mixed, rather than best-case from financial markets’ point of view, so it’s not clear if fiscal management will be tight enough to take pressure off rates,” analyst Stephen Graham wrote in a note to clients dated yesterday. Graham said his previous estimate “looks increasingly out of reach.”

Emerging-market assets such as Brazil’s are also suffering because of Europe’s debt crisis, speculation that China will move to cool its economy, and military tensions between North and South Korea, Graham wrote.

The Bovespa dropped 0.2 percent to 68,065.45 at 9:18 a.m. New York time.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.