> ## Content Index > Fetch the complete content index at: https://newsletters.qs.com/llms.txt > Use this file to discover other available public pages before exploring further. # ๐ŸŽญ Brazil Stock Index Rises 31%. $45M VC Funding. - URL: https://newsletters.qs.com/brazil-index-rises-31-45m-vc-funding/ - Published: 2024-02-20T12:10:12.000Z - Updated: 2024-02-21T03:58:31.000Z - Description: Impact Capital Markets #32 looks at our Brazil stock index, major impact deals, M&A, and upcoming economic releases. - Author: QS - Tags: Deals **Hujambo** ๐Ÿฆ“ ๐Ÿ“‰ **Today's Global Economic Update:** The US Michigan Consumer Sentiment Index surged to[ 79.6, its highest since July 2021](http://www.sca.isr.umich.edu/?ref=newsletters.qs.com), signaling renewed optimism in labor markets and confidence in inflation moderation. Alongside this, consumer's inflation expectations for the year ahead climbed marginally to 3% from 2.9%. ๐ŸŒฟ **Deal of the Day:** Emirates Flight Catering acquired Bustanica, Dubai's largest indoor vertical farm. **What's New?** - ๐ŸŽญ **Brazil.** HolonIQ'sBrazil Stock index rises 31% - **๐Ÿ’ฐ Funding.** Deals in gene therapy, E-mobility, VR surgical + more - ๐Ÿ’ผ **M&A.** Emirates flight catering acquires Bustanica - ๐Ÿ“… **Economics.** Major inflation data, balance of trade, US GDP growth data + more *For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com) ## ๐ŸŽญ HolonIQ's Brazil Stock Index Rises 31% ![](https://storage.ghost.io/c/f1/d4/f1d411df-6f49-4c75-a302-f8c9e9f59495/content/images/2024/02/HolonIQ_HolonIQ_Brazil_HIQBRZIL_HCHRZ8NDQ9ZC8UYG97G2.png) HolonIQโ€™s Brazil stock index rose 31% over the past year, with the macroeconomic environment indicating strong prospects for the index. Key stocks in the index saw notable growth, including Petrobras (MCap: US$ 115B) 57% YoY, Itau Unibanco (MCap: US$ 63B) 39% YoY, and Centrais Electricas (MCap: US$ 20B) 40% YoY. The significant increase in inflation seen in 2022 prompted the Central Bank of Brazil to implement interest rate hikes ahead of most other global central banks. This contributed to a faster moderation of inflation relative to other economies, generating positive momentum for the stock market. A notable exception to this trend was the metal and mining company Vale SA (MCap: US$ 62B), which saw a 20% decline YoY. The company saw its profits decline in the first three quarters of 2023, affected by low iron ore prices and weak sales. As lower rates set in, a shift in capital allocation towards equities is likely, sustaining the upward momentum in Brazil's stock market. Looser monetary policy globally is also expected to impact the index positively. ## **๐Ÿ’ฐ** Funding ๐Ÿ”ฌ **MIP Discovery,** a UK-based developer of non-biological affinity reagents for cell and gene therapies, raised a [$8.8M Series A](https://www.finsmes.com/2024/02/mip-discovery-closes-7m-series-a-financing.html?ref=newsletters.qs.com) from Mercia Ventures to drive further commercialization of its novel synthetic affinity reagents within the cell and gene therapy space. ๐Ÿš— **Pure EV,** an Indian motor vehicle company that develops e-mobility and energy storage systems for the EV industry, raised [$8M](https://inc42.com/buzz/pure-ev-bags-8-mn-to-scale-up-its-ev-two-wheeler-playbook/?ref=newsletters.qs.com) to scale up its EV two-wheeler playbook. ๐Ÿฉบ **Avatar Medical,** a French VR surgical preparation solutions provider, raised a [$5.3M Seed](https://www.boursier.com/opcvm/actualites/generales/avatar-medical-leve-5-me-pour-democratiser-l-acces-aux-images-medicales-3d-921577.html?ref=newsletters.qs.com) from Go Capital to democratize access to medical images. ๐Ÿ”Œ **Evios,** a UK-based home electric vehicle charging station manufacturer, raised a [$5M Series A](https://tech.eu/2024/02/19/ev-installer-evios-raises-ps4m/?ref=newsletters.qs.com). The funding will expand operations and grow Andersen EV, a subsidiary of Evios that provides at-home EV charging installations. ๐Ÿ‘๏ธโ€๐Ÿ—จ๏ธ **WIVI Vision,** a Spain-based company offering solutions to improve visual efficiency and treat visual dysfunctions, raised a [$4.3 Series A](https://www.finsmes.com/2024/02/wivi-vision-raises-e4m-in-funding.html?ref=newsletters.qs.com) from Adara Ventures to boost its domestic and international growth. ๐Ÿงฌ **GlycanAge,** a UK-based biotech startup pioneering the field of glycan biomarkers, raised a [$4.2M Seed](https://www.einpresswire.com/article/689642208/glycanage-secures-4-2-million-in-seed-funding-to-revolutionize-personalized-preventative-care?ref=newsletters.qs.com) from LAUNCHub Ventures & Kadmos Capital to revolutionize personalized preventative care. ## ๐Ÿ’ผ M&A ## ๐ŸŒฟ **Emirates Flight Catering,** a UAE-based inflight catering company, [acquired ](https://www.aerotime.aero/articles/emirates-acquisition-bustanica-vertical-farm?ref=newsletters.qs.com)Bustanica, Duabai's largest indoor vertical farm, located close to Al Maktoum International Airport (DWC) at Dubai World Central. ## **๐Ÿ“…** Economic Calendar Major Inflation Data, Balance of Trade, US GDP Growth Data + More ### Tuesday, February 20th 2024 ๐Ÿ‡ฆ๐Ÿ‡บ [Australia RBA Meeting Minutes](http://www.rba.gov.au/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada Inflation Data, January](http://www.statcan.gc.ca/?ref=newsletters.qs.com) ### Wednesday, February 21st 2024 ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Balance of Trade, January](https://www.mof.go.jp/english/index.htm?ref=newsletters.qs.com) ### Thursday, February 22nd 2024 ๐Ÿ‡บ๐Ÿ‡ธ [US FOMC Minutes](http://www.federalreserve.gov/) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany HCOB Manufacturing PMI (](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com)[Preliminary](https://www.destatis.de/?ref=newsletters.qs.com))[, February](https://www.pmi.spglobal.com/public?ref=newsletters.qs.com) ### Friday, February 23rd 2024 ๐Ÿ‡ฉ๐Ÿ‡ช [Germany Ifo Business Climate, February](https://www.ifo.de/?ref=newsletters.qs.com) ### Tuesday, February 27th 2024 ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Inflation Data, January](https://www.stat.go.jp/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany GfK Consumer Confidence, March](https://www.gfk.com/de/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Durable Goods Orders Data, January](https://www.census.gov/?ref=newsletters.qs.com) ### Wednesday, February 28th 2024 ๐Ÿ‡บ๐Ÿ‡ธ [US GDP Growth Data, Q4](http://www.bea.gov/?ref=newsletters.qs.com) ### Thursday, February 29th 2024 ๐Ÿ‡ซ๐Ÿ‡ท [France Inflation Data (Preliminary), Februar](https://www.insee.fr/?ref=newsletters.qs.com)y ๐Ÿ‡ฎ๐Ÿ‡ณ [India GDP Data, Q4](https://www.mospi.gov.in/?ref=newsletters.qs.com) ๐Ÿ‡ฉ๐Ÿ‡ช [Germany Inflation Data (Preliminary), February](https://www.destatis.de/?ref=newsletters.qs.com) ๐Ÿ‡จ๐Ÿ‡ฆ [Canada GDP Data, Q4](https://www.statcan.gc.ca/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Core PCE Price Index Data, January](https://www.bea.gov/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US Personal Income & Spending Data, January](https://www.bea.gov/?ref=newsletters.qs.com) ### Friday, March 01st 2024 ๐Ÿ‡จ๐Ÿ‡ณ [China NBS & Caixin Manufacturing PMI (Preliminary), February](http://www.stats.gov.cn/?ref=newsletters.qs.com) ๐Ÿ‡ฏ๐Ÿ‡ต [Japan Consumer Confidence, February](https://www.cao.go.jp/?ref=newsletters.qs.com) ๐Ÿ‡ช๐Ÿ‡ฆ [Euro Area Inflation Data (Flash), February](https://ec.europa.eu/eurostat/?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy GDP Data, 2024](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy Inflation Data (Preliminary), February](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡ฎ๐Ÿ‡น [Italy Government Budget, 2023](https://www.istat.it/?ref=newsletters.qs.com) ๐Ÿ‡บ๐Ÿ‡ธ [US ISM Manufacturing PMI ](https://www.ismworld.org/?ref=newsletters.qs.com)[(Preliminary)](https://www.destatis.de/?ref=newsletters.qs.com)[, February ](https://www.ismworld.org/?ref=newsletters.qs.com) [](https://www.ifo.de/?ref=newsletters.qs.com) --- **Like getting this newsletter?* For unlimited access to more deals and economic updates,* [*request a demo*](https://webforms.pipedrive.com/f/1uMbIPRqUeVuZ31jVtKWMWIuqU2ga1nKo8aotNdGihU16zgOzuTfRMb9XfIIGmcOT?ref=newsletters.qs.com)*.* --- **Thank you for reading. 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