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Market Update: Brazilian Equities Trade Near 5-Month High
Brazil’s Ibovespa traded around the flatline at 124,194 on Tuesday, close to its highest level since January, tracking its global peers, amid optimism around a solid recovery in 2021 and easing inflation fears. On the economic front, Brazilian consumer inflation rose above 7% in the month to mid-May for the first time since 2016, although that and the monthly rate of increase were lower than the market expectations. [/s2If]
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