HSBC subsidiary  acquisition is approved. This development is probably neutral to BRF/EWZ, but it shows investors has more confidence in the Brazilian  banking sector, and that European banks continue to retreat from previous ventures abroad after the still smoldering 2012 European debt crisis.

http://www.bloomberg.com/news/articles/2016-06-08/bradesco-gets-antitrust-green-light-to-buy-hsbc-unit-in-brazil

Selic Rate holds steady:

http://www.bloomberg.com/news/articles/2016-06-08/brazil-holds-key-rate-before-new-central-bank-chief-takes-post

 

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