10 December 2010 - Daily Bulletin

Report Summary


Brief positive trading a possibility... We think that yesterday was a case of profit taking activity in local equities, with some real money funds also active on the sell side together with short term money. Today, even if there is a positive reaction to the banks at the opening, we expect it to be of short duration, with profit taking to continue later in the day. The 3Q GDP data is out today, where our estimate stands at 6.1%.

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