Hello and welcome back to our market roundup, when we sum up the most important goings-on in Brazilian markets.
🔔 The dashboard: In this short week interrupted by the Corpus Christi holiday, the Ibovespa benchmark stock index was down by 2.5 percent (still, on Wednesday the index broke an eight-day negative streak). The Brazilian Real, meanwhile, lost 1 percent against the U.S. Dollar — and the American currency broke the psychological barrier of BRL 5.
- Biggest gains: Qualicorp (insurance), +9.2 percent.
- Biggest drops: Via Varejo (retail), -18.3 percent.
Interest rates up for the 11th straight time
In line with market expectations,...