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Brazil’s Stock Market Dips, U.S. Awaits Inflation Data
The Ibovespa, Brazil’s main stock market index, ended Tuesday’s trading session down by 0.74% at 131,446 points. Falling stocks of major companies like Vale and Petrobras drove this decrease. Concurrently, the U.S. dollar rose by 0.70%, reaching R$ 4.90. Vale’s shares dropped by 1.35%, and Petrobras’ preferred shares declined by 0.96%. Vale’s fall is linked […]
São Paulo state creates 36,000 new jobs in June testifying to robust growth and investor confidence
In June, São Paulo state, a Brazilian powerhouse with an economy outstripping that of Argentina, bolstered its workforce with an impressive 36,000 fresh formal jobs, according to data collated by the renowned Seade Foundation. This robust upswing marks a 0.3% rise in formal employment, effectively surpassing the figures from the preceding month, May 2023. From […]