Latin American stocks are experiencing their strongest investor inflow in a decade, propelling markets in Brazil, Colombia, and Mexico to multi-year highs. This surge, driven by anticipation of policy shifts and potential interest rate cuts ahead of presidential elections, has pushed the MSCI EM Latin America Index to an eleven-year peak.
Clouded outlook suggests waiting on IDFC First Bank despite sharp correction
IDFC First Bank’s stock plummeted 16% after a ₹590 crore fraud was discovered at its Chandigarh branch. This incident has significantly dented its valuation multiple,