BRASILIA: Brazil’s trade surplus narrowed in July, sending the iShares MSCI Brazil Capped (EWZ) down 2.27%. The Brazilian stock market has seen a rough year so far. The EWZ has lost about 23.22% so far in 2015.
Commodity-rich Brazil happens to be one of the important emerging markets (EEM) of the world. However, there’s currently more than one economic issue with Brazil.