Brazil and Mexico bring new directions to Lat Am
The biggest decisions facing EM investors this week involve taking a fundamental view on Latin America's two largest economies: Brazil and Mexico. But even with that distraction, the new issue market is churning away.
Brazil has just elected a right winger as president who has promised all sorts of market-friendly reforms, but investors have to decide whether the polarising figure of Jair Bolsonaro will be able to achieve consensus in a divided country and push through pension reforms. If he does, the rally that
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