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IBOVESPA (^BVSP)

São Paulo - São Paulo Delayed price. Currency in BRL
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113,812.87+105.11 (+0.09%)
At close: 05:20PM BRT
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  • Zacks

    Best-Performing ETF Areas of Last Week

    Wall Street staged a rally last week. Some upbeat earnings and expectations of slower Federal Reserve monetary tightening boosted markets.

  • Reuters

    Brazilian airline Gol reports Q2 net loss, but net revenue jumps

    Brazilian airline Gol Linhas Aereas Inteligentes SA on Thursday reported a steep second-quarter net loss mainly due to foreign exchange variations, sending its shares down even as its net revenue more than tripled over the same period of 2021. The company also provided new forecasts for 2022 to reflect frequent jet fuel price increases and pass-through effects on fares, lowering its outlook for key metrics such as EBITDA margin and load factor but increasing its revenue forecast. Gol's quarterly net loss reached 2.85 billion reais ($544 million) versus a profit of 658 million a year earlier, but the company said the bottom line was heavily affected by currency swings.

  • Reuters

    Brazil stock market optimism tempered as fears grow over October vote

    Brazilian stocks will rise less than previously expected this year as fears over October's presidential vote tarnish the outlook for the second half and double-digit interest rates prompt a switch to deposit accounts, a Reuters poll showed. In recent weeks, Brazil's benchmark Bovespa stock index has pared the bulk of its first-quarter gains, pressured by intensifying election rhetoric and the impact of the central bank's ultra-hawkish push to fight inflation. "We will face brutal election times, high interest rates are with us for the foreseeable future, and we have sticky inflation around the globe," said Andre Leite, partner and senior portfolio manager at Kairos Capital.