FOREX TradingCharts.com

Financial News: BRAZIL: Ibovespa Hits 78,000 Points, But Zeroes Gains

BRAZIL: Ibovespa Hits 78,000 Points, But Zeroes Gains With Vale

10/05/2017 - 20:26:00 (RTTNews)

(RTTNews) - The Ibovespa posted a slight increase (+0.03%) to close at 76,617.53 points Thursday, renewing the historical closing cap, although it strongly reduced gains throughout the day with the turn in Vale's and steelmakers' shares.

Earlier, optimism about the recovery of the Brazilian economy prevailed in the market and the benchmark stock index in Brazil hit an intra-day record of 78,024.08 points (+1.87%).

"Throughout the day we saw a contraction led by the steelmakers, who were in a very tight movement. The market was already waiting for a correction of these assets, but in general, the stock exchange continues with a positive trend," said Luana Nunes, an investment analyst at Toro Radar.

Among the papers of miners and steelmakers, Gerdau's shares (GGBR4-4.39%) and Gerdau Metalúrgica (GOUA4 -4.39%), posted the most significant losses of the day. The shares of Vale (VALE3 -1.04%) also weighted the Ibovespa to zero its gains. On the opposite side, banks stocks, such as Itaú Unibanco (ITUB4 +1.60%) and Banco do Brasil (BBAS3 +1.63%), and those of Petrobras (PETR4 +1.53%) continued to perform well.

Driven by the external scenario, the locally traded U.S. dollar rose 0.67% against the Brazilian real, quoted at R$ 3,153. The expected growth of the American economy anchored the greenback's rise against the leading global currencies.

For Friday, in addition to the local economy and politics, investors must observe the external scene, especially the release of data on jobs created by the American economy.

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


OI: Company Shares Fall More Than 6% After Vote On Recovery Plan Postponed (09 min(s), 39 sec(s) ago)
(RTTNews) - Brazilian telecommunications company Oi's preferred shares are falling by more tha ...Full Story»

ARGENTINA: After Elections, Gasoline Prices Raised By 10% Nationwide (17 min(s), 39 sec(s) ago)
(RTTNews) - One day after the victory of the ruling coalition Cambiemos in Argentina's legisla ...Full Story»

YPF: Company And Chevron To Invest US$ 500 Million In Loma Campana Field (29 min(s), 39 sec(s) ago)
(RTTNews) - U.S. oil company Chevron and the Argentinean state-owned YPF agreed to the expand the ...Full Story»

Japan Manufacturing PMI On Tap For Tuesday (39 min(s), 39 sec(s) ago)
(RTTNews) - Japan will on Tuesday see preliminary October results for the manufacturing PMI from N ...Full Story»

COLOMBIA: Government Authorizes ELN-FARC Meeting In Quito (45 min(s), 39 sec(s) ago)
(RTTNews) - The Colombian delegation in talks with the National Liberation Army authorized a meeti ...Full Story»

BRAZIL: Economists Raise Estimates For 2017 GDP Growth To 0.73% From 0.72% (55 min(s), 39 sec(s) ago)
(RTTNews) - Economists surveyed by the Brazilian central bank raised their forecasts for economic ...Full Story»

BRAZIL: Economists Raise 2017 Inflation Forecast To 3.06% From 3.00% (01 hr(s), 15 min(s), 39 sec(s) ago)
(RTTNews) - The median forecast for Brazil's consumer price inflation in 2017 was raised for t ...Full Story»

ARGENTINA: Ruling Coalition Wins Election, Expands Presence In Congress (01 hr(s), 36 min(s), 39 sec(s) ago)
(RTTNews) - The ruling coalition Cambiemos won the legislative elections held Sunday in Argentina, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

OI: Company Shares Fall More Than 6% After Vote On Recovery Plan Postponed

10/23/2017 - 18:30 PM (RTTNews)
(RTTNews) - Brazilian telecommunications company Oi's preferred shares are falling by more tha ...Full Story>>

ARGENTINA: After Elections, Gasoline Prices Raised By 10% Nationwide

10/23/2017 - 18:22 PM (RTTNews)
(RTTNews) - One day after the victory of the ruling coalition Cambiemos in Argentina's legisla ...Full Story>>

YPF: Company And Chevron To Invest US$ 500 Million In Loma Campana Field

10/23/2017 - 18:10 PM (RTTNews)
(RTTNews) - U.S. oil company Chevron and the Argentinean state-owned YPF agreed to the expand the ...Full Story>>

Japan Manufacturing PMI On Tap For Tuesday

10/23/2017 - 18:00 PM (RTTNews)
(RTTNews) - Japan will on Tuesday see preliminary October results for the manufacturing PMI from N ...Full Story>>

COLOMBIA: Government Authorizes ELN-FARC Meeting In Quito

10/23/2017 - 17:54 PM (RTTNews)
(RTTNews) - The Colombian delegation in talks with the National Liberation Army authorized a meeti ...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.