|Day's range||69,068.7656 - 72,010.1797|
|52-week range||60,544.0000 - 88,318.0000|
While Brazil’s stock market and currency are suffering through a drought, one farming company is proving to be a bumper crop for investors. SLC Agricola SA, which cultivates an area bigger than Rhode Island with soybeans, corn and cotton, has seen its shares rally more than 67 percent so far this year compared to the Ibovespa benchmark index’s 5.5 percent drop. The company is accelerating expansion after posting a record profit in 2017, and expects to reap even better results in coming years on improved pricing prospects and a decline in the Brazilian real, Chief Executive Officer Aurelio Pavinato said.
JPMorgan Chase & Co. said it’s staying the course on Brazilian stocks, even after acknowledging that it would have liked to have downgraded them a month or so ago -- before the country’s currency weakened ...
A sharp drop in Brazilian stocks and its currency stoked a decline in emerging-market assets Thursday, as concerns over trade tensions and a rising dollar reverberated around the world. Brazil’s Bovespa index fell 3% to its lowest level of the year and the dollar rose 1.4% against the Brazilian real to 3.9076, its highest value since early 2016. A host of other emerging markets, including South Africa, Mexico and Russia also notched big drops in their stocks or currencies.
Brazil is no Turkey. Brazil's benchmark Ibovespa stock index fell as much as 6.51 percent, its currency weakened as much as 3 percent and the nation’s five-year bond yields topped 11.5 percent as concerns over the potential election of an anti-reformist presidential candidate and the fallout from a 10-day truckers’ strike rattled investors. Many credited the jaw-dropping moves with pulling down U.S. stocks and sparking a rally in haven assets such as Treasuries.
Treasury yields swung lower on Wednesday after trading higher in the morning. The 10-year Treasury note yield was down 5.5 basis points to 2.920%, while the 2-year note yield fell 3.2 basis points to 2.488%. The 30-year bond yield slipped 5.9 basis points to 3.070%.
Investors are holding their breath as Brazil’s high court decides whether a former president begins a prison sentence or continues his campaign to return to office.
Brazil’s former President Luiz Inacio Lula da Silva faces time in prison after the Supreme Court rejected his request to appeal at liberty a 12-year prison sentence for corruption. Equity and currency ...
The Ibovespa rose to a record high, pushing gains this year to more than 9 percent, after a Brazilian appeals court unanimously upheld a graft sentence against former President Luiz Inacio Inacio Lula ...
Major world stock markets rose and government bond yields fell on Tuesday as a combination of strong corporate profits, steady global growth and low inflation provide scant alternatives for investors other than equities. Stocks markets from Asia to Europe to the Americas rose, with technology stocks boosting the Nasdaq Composite index to a record intra-day high.