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A favela in Rio de Janeiro, Brazil, is silhouetted against the sea and sky. After the euphoria of celebrating the world’s biggest sporting event, the country will have to return to some sobering realities.
A favela in Rio de Janeiro, Brazil, is silhouetted against the sea and sky. After the euphoria of celebrating the world’s biggest sporting event, the country will have to return to some sobering realities.
(Alamy)

Soccer fest provides Brazil with brief escape from sobering realities

History tells us that Brazilian equities ought to get a decent short-term bounce if the favoured host country wins the World Cup that begins next week. The dedicated soccer watchers at Goldman Sachs have determined that the winner’s stock market outpaces global indexes by an average of 3.5 per cent in the month after the final.