Following its recent record high, the Ibovespa index is experiencing minimal movement today. Trading at 133,577 points at 11 AM (Brasília time), it reflects a cautious market mood. In a related development, the U.S. dollar is trading higher at R$ 4.83. This marks a 0.22% increase. Currency movements often mirror market uncertainties. In the commodities […]
Related Posts
Bitcoin Experiences Sharp Drop After 150% Annual Rally
Bitcoin (BTC) has experienced its sharpest decline in nearly four months, as traders seek to secure profits after the cryptocurrency’s significant rally of over 150% this year. On Monday, the leading cryptocurrency in market value fell by up to 7.5%, marking its largest intraday drop since August 18. However, by 9:25 AM (Brasília time), the […]
Weekly Economic Events: Inflation in Brazil and Mexico; Unemployment in Brazil
Next week, Brazil will release May 2024 inflation figures and Mexico’s Central Bank will publish its Quarterly Inflation Report. Market experts highlight these reports’ influence on imminent monetary policy decisions. In Brazil, April’s employment figures and mid-May inflation statistics will shape market forecasts ahead of the central bank meeting. Notably, the Central Bank recently ended […]
Milei leads in Argentina polls, but runoff seems inevitable
Javier Milei leads in Argentina polls, but runoff seems inevitable in the run-up to the Argentine presidential election on October 22. However, a study from the University of Buenos Aires’ Psychology Faculty suggests that the new president of Casa Rosada will only be decided on November 19, the date set for a potential second round. […]