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Market Update: Brazilian Equities Close Slightly Higher
The main Sao Paulo stock index, Bovespa, closed 0.2% higher at 116,933 on Friday, lifted by a strong PMI survey that showed the services sector continued to expand markedly in August. Meanwhile, investors worldwide digested a weaker-than-expected US jobs report that raised doubts about the strength of the recovery of the world’s largest economy. For the week, the benchmark index lost 3.1%, amid ongoing political tension, fiscal concerns and signs of slowing recovery. . [/s2If]
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