Economists surveyed by the Brazilian central bank increased their forecasts for economic growth in 2018 for the second consecutive week, to 2.89% from 2.80% last week. For 2019, GDP growth projections remained at 3.00% for the fourth week. more...
Ibovespa, the benchmark stock index in Brazil, closed down 0.25% at 84,482.46 points on Tuesday, on another day of profit-taking tracking the negative external market climate amid a fall in the price of commodities. In the political arena, investors monitor the expectations for the discussion of the pension reform in Brazil. more...
Ibovespa, the benchmark stock market index in Brazil, closed slightly lower (-0.02%) Friday at 79,349.12 points, even after S&P downgraded Brazil's credit rating from BB to BB-. The losses were limited by bets from some investors that the Brazilian Congress could pass the pension reform next month. more...
Argentina and Germany are both feeling the effects of Sunday’s World Cup final game on the trading floor today. As upbeat as Germany’s markets were Monday, Argentine stocks were as downcast as fans of the country’s football team to start the day, with the national benchmark losing as much as 1.3%. The blue feelings to match the classic jersey of the national team (known as the Albiceleste) didn’t last though, as the Merval index reversed the initial declines to gain 0.2%. ...
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