FOREX TradingCharts.com

Financial News: BRAZIL: Ibovespa Falls On Profit-taking, But Rises 3.43%

BRAZIL: Ibovespa Falls On Profit-taking, But Rises 3.43% In The Week

08/27/2017 - 20:28:00 (RTTNews)

(RTTNews) - Ibovespa, the benchmark stock index in Brazil, fell slightly (-0.08%), closing at 71,073.65 points Friday amid a profit-taking move after three trading sessions. Even with today's decline, however, the Ibovespa accumulated a 3.43% high in the week and had remained above the 71,000 points, a level that was not reached since 2011.

"Today we did not have any news. The market was quiet. Assets were practically stationary. Both [Janet] Yellen and [Mario] Draghi maintained the same speeches," said Rogério Freitas, an analyst at Florença Investimentos.

The Fed and ECB governors attended the central bankers' annual symposium in Jackson Hole, but shied away from giving more signals on monetary policy.

Among the largest Ibovespa's declines were stocks of retail companies, such as Natura (NATU3 -3.06%) and Pão de Açúcar (PCAR4 -2.74%). Among the highlights were the JBS (JBSS3 +5.34%) shares, which advanced after the news that J&F's leniency agreement, the parent company of JBS, was approved by the Brazilian Federal Public Prosecutor's Office (MPF).

Meanwhile, the locally traded U.S. dollar moved higher and lower against the real through all the day to settle with a slight appreciation (+0.28%), at R$ 3.1560, amid the lack of news in the foreign central bankers' speeches.

For this week, analysts believe the stock market may continue to reflect the momentum for the Brazilian economy, following the news on privatization released this week.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Philippine Central Bank Maintains Key Rates (04 min(s), 42 sec(s) ago)
(RTTNews) - The Philippines' central bank on Thursday decided to maintain its key interest rat ...Full Story»

Taiwan Holds Key Interest Rates (23 min(s), 42 sec(s) ago)
(RTTNews) - Taiwan central bank left its key interest rate unchanged on Thursday, as widely expect ...Full Story»

Hong Kong Inflation Eases In August (28 min(s), 42 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation eased slightly in August, figures from the Ce ...Full Story»

S&P Lowers China's Rating; Outlook Stable (01 hr(s), 08 min(s), 42 sec(s) ago)
(RTTNews) - S&P Global Ratings downgraded China's sovereign ratings citing higher economic ...Full Story»

UK Budget Deficit Narrows In August (01 hr(s), 32 min(s), 42 sec(s) ago)
(RTTNews) - The UK budget deficit decreased to its lowest August level since 2007, data from the O ...Full Story»

Norway Keeps Key Rate Unchanged (01 hr(s), 57 min(s), 42 sec(s) ago)
(RTTNews) - Norway's central bank retained its key policy rate and hinted that the rate will r ...Full Story»

RBA Chief Says Australia's Economy Does Look To Be Improving (02 hr(s), 27 min(s), 42 sec(s) ago)
(RTTNews) - Australia's economy does look to be improving, Reserve Bank of Australia Governor ...Full Story»

Denmark Consumer Confidence Weakens Further (02 hr(s), 55 min(s), 42 sec(s) ago)
(RTTNews) - Denmark's consumer confidence weakened for the second straight month in September, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Philippine Central Bank Maintains Key Rates

09/21/2017 - 06:20 AM (RTTNews)
(RTTNews) - The Philippines' central bank on Thursday decided to maintain its key interest rat ...Full Story>>

Taiwan Holds Key Interest Rates

09/21/2017 - 06:01 AM (RTTNews)
(RTTNews) - Taiwan central bank left its key interest rate unchanged on Thursday, as widely expect ...Full Story>>

Hong Kong Inflation Eases In August

09/21/2017 - 05:56 AM (RTTNews)
(RTTNews) - Hong Kong's consumer price inflation eased slightly in August, figures from the Ce ...Full Story>>

S&P Lowers China's Rating; Outlook Stable

09/21/2017 - 05:16 AM (RTTNews)
(RTTNews) - S&P Global Ratings downgraded China's sovereign ratings citing higher economic ...Full Story>>

UK Budget Deficit Narrows In August

09/21/2017 - 04:52 AM (RTTNews)
(RTTNews) - The UK budget deficit decreased to its lowest August level since 2007, data from the O ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.