Brazil decided to travel left of center.
India chose to travel right of center.
Brazil has to reassure markets, and Brazil might be sold off for a few sessions unless there are strong statements.
India, post election looks a winner. With the reforms back slowly though, on course, India is sought after by other economies as a potential growth area.
Brazil will face foreign investors exiting. If Mexico (1994) is an example, the nationals will leave before the foreigners!. Brazil losses have to be recouped elsewhere.
So BRICS is weakened a shade: China slowing, South Africa under gold declines, and Russia affected by oil declines and Ukrainian politics.
India chose to travel right of center.
Brazil has to reassure markets, and Brazil might be sold off for a few sessions unless there are strong statements.
India, post election looks a winner. With the reforms back slowly though, on course, India is sought after by other economies as a potential growth area.
Brazil will face foreign investors exiting. If Mexico (1994) is an example, the nationals will leave before the foreigners!. Brazil losses have to be recouped elsewhere.
So BRICS is weakened a shade: China slowing, South Africa under gold declines, and Russia affected by oil declines and Ukrainian politics.
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