UPDATE: Brazil Stocks Pop As Chicago, Tokyo Eliminated

brazilian model

With Chicago and Tokyo eliminated, EWZ is now up 1.5%, as Rio is left as the presumptive favourite.

People love to debate: Is hosting the Olympics worth it? Is all the spending, preparation and tourism a worthwhile stimulus? Well, let’s ignore the theory and watch what the market does when/if Rio de Janeiro gets the 2016 games.

As it is right now the iShares MSCI Brazil (EWZ) is up just a little in early action. What’s your guess: Will it move on the announcement?

Check back around 12:30-1:00 ET to find out.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.