Iron ore prices plummeted on Thursday as investors reacted negatively to China’s latest economic stimulus measures. The market expressed disappointment over the limited scope of policies aimed at reviving the country’s struggling property sector. Futures contracts for iron ore on the Dalian Commodity Exchange fell by 5.99%, closing at 746.0 yuan ($104.74) per metric ton. […]
Related Posts
Opinion: progressive politics on thin ice – LatAm’s tightrope walk between welfare and right-wing wind
(Opinion) In recent times, several Latin American nations with progressive governments—such as Brazil, Chile, Argentina, Colombia, and Mexico—have faced everything from political opposition to economic downturns. While these governments predominantly champion social welfare and the support of the underprivileged, they still grapple with significant unresolved challenges. It’s worth noting, as many experts have, that progressive […]
Brazilian Stocks: A Week of Contrasts Amidst Global Cues
This week, the Ibovespa index, representing Brazil’s stock market, closed at 125,517 points, marking a 0.60% weekly increase. The market reacted to diverse stimuli, both local and global. The U.S. markets saw modest activity during the Thanksgiving holiday. Dow Jones rose by 0.33%, the S&P 500 by 0.06%, and U.S. 10-year Treasury yields approached 4.5%. […]