Brazil,world largest emerging equity market.

The Big Emerging Market (BEM) economies are Brazil, China, Egypt, India, Indonesia, Mexico, Philippines, Poland, Russia, South Africa, South Korea and Turkey.
Newly industrialized countries are emerging markets whose economies have not yet reached first world status but have, in a macroeconomic sense, outpaced their developing counterparts.
Emerging markets are nations with social or business activity in the process of rapid growth and industrialization.
So Brazil got its exclusive status due to heavy lifting comes from state-run oil giant Petroleo Brasileiro, or Petrobras according to a report released by Citigroup.
"The recent rise in Petrobras ... has been key to the surge in Brazil's overall weight," said Citigroup analysts Geoffrey Dennis and Jason Press in the report.
Bovespa's recent gains have been enough to outperform the MSCI Global Emerging Market index and bring Brazil's weighting to 14.95% of the index. That surpasses China's weight of 14.15% and Korea's contribution of 13.69%.
Rounding out the top 10 emerging markets by weight are Taiwan, Russia, India, South Africa, Mexico, Malaysia, and Israel.
Brazil is also now the 10th largest market in the world, as measured by the MSCI All Country World index, with a free float market capitalization of $509.1 billion.
The U.S. market is the largest, coming in with a free float market cap of $12.57 trillion.
Brazil's position as the top emerging market isn't guaranteed to last since market caps ebb and flow, which is why one analyst said investors should included factors such as economic fundamentals and regulatory issues as part of an evaluation of potential investments.
But one thing has to bear in mind for investors is that particular country corporate management, issue of a lack of personal freedom for individuals and government stability can bring a lot of influence to the status.
In fact Brazil could be a new economic power after China due their vast natural and human resources. In less than a decade the country already has thousands of multi-millionaires.
Brazil is best known for its production of agricultural commodities — first coffee ... then sugar ... then soybeans ... and, most recently, ethanol.
But Brazil is also among the leading exporters of aircraft ... mineral ores ... metals and steel.
Brazil makes more automobiles than the U.K., Italy, Mexico or India ... and it is the world's largest maker of cars with flex engines (that can run on either gasoline or ethanol).
China's world's largest cellular-services provider,China Mobile Ltd helped secure their ranking status.
Tracking the Dow:24/06/11.(4 market days to ending of Quantitative Easing)
Economic events:Durable goods order,GDP,Corporate Profits.
Asian Index Futures Expiry:4 market day to go.Next week rollover contracts volatility.

09:30am:--Bearish 20.0 points gap down.
10:30am:--Session low,technical rebound.
11:30am:--Hoovering near the resistance line. resistance.Shooting stars.
12:30noon:--Another shooting stars at the MAV resistance.
1:30pm:--A second shooting stars at the resistance line.
2:30pm:--Bearish pivot support line to be tested.
3:30pm:--Bearish breakout.Hammering to find the day's low.
4:00pm:--A small dragonfly doji with techical rebound insight.
***From the chart,you'll noticed that the previous day's last hour of trading has a clear reflection of what will happened the following day's market.The market makers have set up a bull trap on Thursday.The markets around the world are manipulated,trust yourself with your own trading inventions.Do not take any chances with those strong arm tactics.Follow the path of the light.

A week of Eurozone financial instability and Moody's warning created the spark to depress the market.
The Dow is pricing in the Fed's ending of Quantitative Easing program.The bears are having a hayday right till the end of this June month.
Friday's bears have covered the lower shadow of previous day but still incomplete.
Look forward to a new 3rd quarter,a new beginning and move in fast.