Bovespa Can Gain to 70,000 as Growth Picks Up, Bradesco Says – Bloomberg 02-21-13

Salient to Investors:

Joaquim Levy at Bradesco Asset Mgmt said the Bovespa index may rally 25 percent to 70,000 as the economic rebound offsets the raising of interest rates by July by the central bank to combat inflation. Levy said the government will have to stop making noises that could erode investors’ confidence for equities to rebound, while an eventual interest-rate increase could that the government is seeking to create the foundation for balanced economic growth.

Read the full article at http://www.bloomberg.com/news/2013-02-21/bovespa-can-gain-to-70-000-as-growth-picks-up-bradesco-says.html

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