Gerdau 3Q25: North America Drives Earnings as Brazil Margins Compress
​Persistent pricing pressure in Brazil hampers margin recovery, while North America drives Gerdau's earnings; trade-defense measures are crucial...
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Caution Warranted; ACWI-US At $93 Resistance; Buys in Communications, Staples, Materials, Financials
With the MSCI $ACWI approaching the top-end of our expected 2023 trading range at $93, we see limited upside from here and believe caution is...
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Weekly News & Views - 2Q25 Earnings Recap
​LatAm credit markets show mixed results, with some companies delivering strong earnings while others face operational pressures.
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EM Spreads - Weekly News & Views
​US tariffs impact Brazilian companies, MercadoLibre achieves investment grade, Pemex eyes $8bn, Gerdau coverage initiated, Vista 2Q25 results, US...
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U.S. Tariff Escalation: Credit Implications for Brazilian Companies in Our Coverage
​Brazilian companies like Suzano, Gerdau, CSN, and Minerva show resilience against U.S. tariffs, with limited impact due to global scale, cost...
448 Views