Credit Suisse Brazil CEO Says Stocks Set to Rise, Estado Reports
Jose Olympio Pereira, head of Credit Suisse Group AG’s Brazilian operations, said the country’s equity markets will rise through 2013 as falling interest rates push investors to stocks, O Estado de Sao Paulo reported.
Investors are putting money in real estate stocks because of industry growth and sales at shopping malls, the newspaper said, citing an interview with the chief executive officer of Credit Suisse Brazil. Foreign investors are leading the increase, the publication reported him as saying.
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