Brazil’s Ibovespa Index Surges, Led by Vale’s Performance

INSUBCONTINENT EXCLUSIVE:
notable push from Vale.In contrast to the static state of major New York indices, the Ibovespa experienced a robust increase of 1.63%,
stance.This week, investors are keenly waiting for inflation updates from Brazil and the United States Consumer Price Index (CPI), set for
(Photo Internet reproduction)Following unexpectedly high payroll data, which suggests a warming United States economy, market predictions
about United States interest rate cuts are now mixed.The CPI could provide clues on whether rate reductions will occur in June or at a
consolidating in the short term without showing significant buying or selling pressure.Despite this, the index approached a resistance area
2.84%.Investor attention remained on Petrobras (PETR4), which fluctuated before closing up 1.39%.Speculation about leadership changes at
Petrobras keeps investors cautious, according to Sidney Lima from Ouro Preto Investimentos.As the market anticipates data and developments,
the focus might remain on major players like Vale.Market Updates:Ibovespa Closed Up: 1.63% at 128,857.16 pointsHigh: 129,178.14Low:
126,796.42Change: +2,053.33 pointsVolume: R$19.50 billionWeekly, Monthly, and Yearly Performance:Monday (8th): +1.63%Week: +1.63%April:
+0.59%Q2 2024: +0.59%2024 Year-to-Date3.97%Currency and Global Market Updates:United States Dollar Against Real: Closed down by
0.67%Selling Price: R$5.031Buying Price: R$5.031Low: R$5.026High: R$5.075New York Indices: Ended the day near stability as investors await
CPI and PPI updates.