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Fidelity, Hedge Funds Buy Brazil Stocks as Outlook Brightens

(Bloomberg) Investors are buying the dip in Brazil’s stock market as the nation’s hyper-aggressive central bank warms to the idea of easing painfully high interest rates.Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payments After PrisonInstant Pot and Pyrex Maker Instant Brands Files BankruptcyKen Griffin Ramps Up Credit Bets, Anticipating US RecessionTrump Urges Prosecutors to Drop Case, Offers Defense PreviewFed to Pause and Keep Option to Raise Rates in July Fide ....

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