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Hello and welcome back to our market roundup, when we sum up the most important goings-on in the Brazilian investment world.
🔔 The dashboard: The Ibovespa benchmark stock index was down by 0.75 percent this week. The Brazilian Real, meanwhile, gained 1.05 percent against the U.S. Dollar.
Unlike major international indexes, Brazil’s Ibovespa enjoyed a robust performance in May, closing the month up by 3.22 percent, thanks to the current commodities cycle.
Despite the good showing, several investment banks and brokerages note that the index is still cheap compared to historical levels and — as the world prepares for higher interest rates — investors in Brazil wonder whether it is time to switch their portfolio to domestic assets.
What’s the rationale? The Brazilian Central Bank has been one of the world’s most hawkish of late, raising interest rates by some 10 percentage points in a matter of months. This led analysts to believe the...
U.S. Congresswoman Susan Wild, a Democrat from Pennsylvania, on Tuesday said that a House hearing…
The accounts of federal, state, and municipal governments, plus those of state-owned companies, recorded a…
The intense floods that chastise Rio Grande do Sul, Brazil’s southernmost state, have killed over…
Brazil's southernmost state of Rio Grande do Sul, a state the size of Ecuador, has…
In September 2023, an extratropical cyclone hit Brazil’s South region, causing heavy rains and floods…
The Abu Dhabi National Oil Company (ADNOC) is no longer interested in buying Novonor's controlling…