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

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.