2 October election: Leftist Lula's opinion poll lead over rightist incumbent Bolsonaro has shrunk, but is still large. Both are likely equally populist, fiscally. The main uncertainty is whether Bolsonaro's exit will be orderly if he loses. Brazil to...

USD is expensive but its continued appreciation is a major headwind for local currency assets in emerging markets. There's some protection in EMs where the REER is below the historical average and the real interest rate is positive. Brazil exhibits b...

Payments fintechs have been growing rapidly and building large customer bases, but are often barely profitable. Diversification into lending activities can substantially lift revenue margins but also opens up fintechs to credit risk. Brazil’s StoneCo...

In this product we rank the most positive and negative domestic stocks, filter the symbols by market-cap and trading volume, and then divide the companies into sectors and groups. We then manually look through charts leadership/changes, bottoms-up/t....

Digital payments firms lead the emerging markets fintech scene. Our analysis of key performance metrics shows that payments fintechs have witnessed strong growth in operating profit and users, but their revenue growth has lagged other fintech sectors...

Press reports indicate that Stripe has cut the internal valuation of its shares from US$40 per share to US$29 per share, equivalent to a US$74bn valuation of the firm. At the broader level, we note that EM tech shares are down 36% from their January ...