Amid fluctuating market performances, the Ibovespa edged higher by 0.2%, reaching 128,200 points. Interestingly, this modest gain came despite a notable 2.84% decline in Petrobras shares following the ousting of its CEO. Such executive shake-ups, often spurred by political pressures, tend to shake investor confidence, particularly those seeking stable and liquid investments. Experts have voiced […]
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Brazilian Stocks Rise Despite Global Trends
On Friday, against global trends, the Brazilian Stock Index (Ibovespa) climbed, buoyed by a profitable day for commodities like oil. As a result, Ibovespa reversed earlier losses and started to gain. By 11 a.m. in Brasília, the index had risen by 0.25% to 131,547 points. Petrobras shares, specifically PETR3 and PETR4, gained 1.32% and 0.96%. […]
Paraguay’s Q3 Inflation Hits 2.5% in 2023
In 2023, Paraguay’s Central Bank reported a third-quarter inflation rate of 2.5%, marking a significant decrease from the previous year’s 7.1%. For September, the Consumer Price Index (CPI) rose by 0.5%. Interestingly, last September showed a -0.1% rate. This rise breaks a three-month trend of declining inflation. Despite this, bank experts still forecast a 4.1% […]
Coffee Markets Show Mixed Results: Arabica Down, Robusta Up
Last week, Arabica coffee futures closed lower on the New York Stock Exchange (ICE Future US), while Robusta coffee on the London Stock Exchange saw gains. Arabica contracts for May/24 dropped by 105 points to 183.30 cents/lb, and July/24 decreased by 130 points to 181.40 cents/lb. September/24 fell by 140 points to 181.10 cents/lb, and […]