Brazil

[Brazil] - Brazil's Ibovespa rises on falling dollar, concentrate on inflation target

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The Ibovespa (IBOV), the main index of the Brazilian stock exchange, started the day with a 0.328% increase, reaching 117,064.57 points by 10:15 am (Braslia time).Local investors are closely watching the meeting of the National Monetary Council (CMN) involving Ministers Fernando Haddad and Simone Tebet, along with Central Bank President Roberto Campos Neto.
The discussion revolves around the new inflation target.In the United States, the Gross Domestic Product (GDP) for the first quarter was revised to a 2% annualized growth.The government's updated estimate reflects positive revisions in exports and consumer spending ..To read the full NEWS and much more, Subscribe to our Premium Membership Plan.
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Category: Brazil