Analysts and investment outlets like The Motley Fool identified specific industry leaders as top picks during the year:
: As Brazil's largest private bank, it was a preferred choice for investors looking to capitalize on the country's broader economic recovery and lower interest rate environment. Market Performance & Economic Context brazilian stocks to buy 2017
: Lower inflation allowed the central bank to cut the Selic rate toward 7.0%, significantly reducing the cost of credit and boosting equity attractiveness. Analysts and investment outlets like The Motley Fool
: A dominant force in global iron ore and nickel production. It was favored for its potential to benefit from a commodity price rebound and operational efficiency. It was favored for its potential to benefit
In 2017, Brazil's stock market was characterized by a robust recovery from a deep recession, with the benchmark gaining approximately 22.3% in local currency and the MSCI Brazil Index returning 24.11% in USD terms . The rally was largely driven by falling inflation and interest rates (the Selic rate), which stimulated domestic consumption and exports. Top Recommended Stocks (2017)