Tag: world trade war

• Wednesday, June 27th 2018 - 08:26 UTC

  Brazilian shares recover cautiously; Central bank absent from the foreign exchange market

  

  After trading lower for a good part of Tuesday's session, the Ibovespa closed higher for the third consecutive day (+0.64%), to 71,404.59 points, driven mainly by the shares of Petrobras and Vale. The improvement in the U.S. stock markets also helped to recover the benchmark stock index in Brazil, although concerns remain about a world trade war.