Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Uncertainty of U.S. Recovery Sparking ‘Panic’, SLW’s Galdi Says

Aug. 4 (Bloomberg) -- Uncertainties of U.S. economic recovery are generating “panic” in the markets, Pedro Galdi, head strategist at Sao Paulo-based brokerage SLW Corretora, said in a telephone interview.

On risk perception:

“There’s the perception of a new recession. Investors are coming out of risk and going to Treasuries and the dollar.”

On foreign investors: “It’s panic. Individual investors are getting out of equities. There have been many withdraws from funds. It’s not the foreign investor. Those continue to invest in Brazilian stocks.”

To contact the reporter on this story: Taís Fuoco in Sao Paulo at tfuoco1@bloomberg.net

To contact the editor responsible for this story: Francisco Marcelino at mdeoliveira@bloomberg.net

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.