Foreign investors drive Brazil equity optimism; Petrobras overtakes Itaú in preference

Bradesco BBI reports that foreign investors are the primary buyers in Brazil's equity market, while local investors remain cautious. Petrobras has surpassed Itaú as a favored stock among foreigners, indicating a shift in sector preference toward energy. This suggests continued foreign inflows into Brazilian equities, supporting market upside despite domestic caution.

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