To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: Brazilian Stocks Close Near Records
Brazils main stock index has recouped some of its recent losses, with the benchmark Bovespa closing above the 130,200 level, driven by gains in the services and real estate sectors. Economic activity in Brazil rebounded in April, slightly below market expectations, but marking a solid start to the second quarter. At the same time, the Brazilian central bank’s weekly “Focus survey” showed growth projections were raised again, with the GDP now expected to expand by 4.85% in 2021 from 4.36% a week earlier. Also, inflation forecasts were lifted to 5.82% from 5.44% in 2021 and to 3.78% from 3.70% in 2022. Cogna Educacao SA and Locaweb Servicos de Internet SA were among the biggest gainers on the index, up 9.5% and 6.2%, respectively. [/s2If]
Join Our Telegram Group