Brazil’s Ibovespa Falls as Petrobras and Vale Stocks Decline

The Ibovespa index saw a 0.75% decrease to 126,123 points on Monday, influenced by declines in Petrobras (PETR4) and Vale (VALE3). Petrobras’ decision not to pay anticipated extraordinary dividends sparked market discontent, shifting focus towards future energy transition investments. This move raised concerns about potential unproductive investments, recalling past government oversights with projects like the […]

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