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Brazilian stocks rose again yesterday as investors looked for a cut in interest rates, people looking for property in Brazil may be interested to learn...

Homebuilder Rossi Residencial saw the highest rise in its share prices, gaining 11.6 per cent, while the equity benchmark in Sao Paulo rose by 1.9 per cent.

"The slowing trend in the economy has become more evident, and we see the central bank cutting rates by 75 to 100 basis points at the next meeting on January 20th and 21st," said Win Thin, Senior Currency Strategist at Brown Brothers Harriman, in a research report.

He also predicts that as inflation as eased, the central bank will have the cover it needs to cut interest rates "a bit more aggressively".

Last month, President Inacio Lula da Silva said the Brazilian Government will announce new measures by January 20th to help the country combat the global financial crisis.

Source: www.uv10.com