Tag: Ibovespa stock index

Ibovespa stock index
Tuesday, May 10th 2016 - 06:56 UTC

Brazil's political adrift situation shocks markets but is a plum day for speculators

The Brazilian currency, the Real, weakened 1.5% against the U.S. dollar, after falling about 5% when the news broke.

Brazilian markets weakened on Monday after the acting lower house speaker in Brazil's Congress annulled an impeachment vote, though losses were pared as investors bet the move would delay rather than prevent leftist President Dilma Rousseff's removal from office.

Thursday, February 18th 2016 - 06:57 UTC

S&P sends Brazil's credit rating deeper into junk territory; officials 'surprised'

S&P cut Brazil's sovereign credit rating to BB from BB+ with a negative outlook, just five months after becoming the first agency to strip it of its investment grade

Standard & Poor's downgraded Brazil's credit rating deeper into junk territory on Wednesday, citing its failure to curb its fiscal deficit, in a surprise blow to President Dilma Rousseff`s bid to haul the economy out of its worst recession in decades.

Friday, September 25th 2015 - 07:17 UTC

Brazil's Real recovers ground after Central bank promises to use all 'instruments available'

“In this process, all instruments are available for the central bank,” Tombini said. “Foreign reserves are an insurance that could and should be used.”

Brazil's depressed currency rebounded Thursday after the head of its central bank vowed to use all instruments in its arsenal to curtail the Real's collapse. Earlier in the day the Real tumbled to an all-time low of 4.248 to the U.S. dollar, but bounced back to 4.023 after central bank President Alexandre Tombini, in an unscheduled press briefing, did not rule out selling part of the country's $371 billion foreign reserves to calm the exchange rate market.

Wednesday, December 17th 2014 - 00:53 UTC

Brazil's real sinks against US dollar to lowest rate in 10 years

Brazil's currency slips to 2.76 against 1 US dollar

The currency closed at R$ 2.76 per US$ 1 dollar. Domestic politics, international oil prices, US Fed measures and Russian ruble drop to blame.

Tuesday, October 28th 2014 - 06:47 UTC

Brazil's markets react negatively to Rousseff's re-election; waiting for new finance minister name

Bovespa closed Monday down 2.8%; Petrobras was the biggest loser, with shares down 12.3% and the Brazilian Real sank to its lowest value in nine years

A sharp drop in Brazil’s financial markets signalled investors are unsure whether the newly re-elected President Dilma Rousseff will take the necessary steps to reinvigorate the country’s stalled economy.

Saturday, October 4th 2014 - 10:38 UTC

Investors on edge waiting for the results of Sunday's voting in Brazil

The results on Sunday should be quick in coming since Brazil has implemented a network of electronic balloting with 507.000 voting machines

Latin American currencies weakened on Friday after strong U.S. jobs data was seen as increasing the likelihood of higher interest rates in the world's largest economy, while Brazil markets fluttered in the last trading session before Oct. 5 elections.

Monday, September 23rd 2013 - 20:56 UTC

Brazil’ Bovespa implementing changes to update its benchmark Ibovespa

The Ibovespa has remained unchanged since 1968

Brazil’s main stock exchange Bovespa is implementing changes to its benchmark Ibovespa stock index, the first since 1968, in an effort to correct recent distortions and better reflect the performance of local shares.

Thursday, February 28th 2013 - 23:59 UTC

Brazilian market suffers the impact of iron-ore producer Vale record loss in fourth quarter

CEO Murilo Ferreira is cleaning up the balance sheet

Brazil’s Bovespa-index futures declined with the equity gauge poised for its biggest monthly drop since May, after iron-ore producer Vale SA posted a record loss in the fourth quarter.

Monday, December 3rd 2012 - 05:57 UTC

Brazil farmland prices quadrupled over the past decade outpacing inflation

The country is set to become the world largest soy bean producer ahead of the US

Prices for farmland in Brazil surged by an average 14% a year to nearly quadruple over the past decade, well outpacing inflation and nearly matching gains made by São Paulo's blue-chip Ibovespa stock index, a new study shows.

Monday, January 2nd 2012 - 06:41 UTC

Brazil’s Bovespa index declined 18.1% in 2011 closing at 56.754 points

Investors’ caution helped boost phone companies and makers of consumer items

In spite of a slight gain in the last trading day of 2011 the Brazilian stocks benchmark index experienced an 18.1% decline in the twelve months on concerns that Europe's debt troubles could lead to another global recession.


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