Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
+691.93 (+0.70%)
At close: 4:58PM BRT
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Previous Close99,136.74
Day's Range99,141.43 - 100,037.69
52 Week Range69,069.00 - 100,037.69
Avg. Volume4,658,671
  • Bloomberg2 hours ago

    Brazil Stocks Hit New All-Time High

    “It’s difficult to see another story as positive as Brazil’s in the region,” said Emy Shayo, JPMorgan Chase & Co.’s head of Latin America equity strategy. The bank sees a “virtuous cycle” amid tighter fiscal policy and easing monetary policy, a combination that “attracts external capital and helps companies to recover a lot of what they lost in terms of profits," according to Shayo.

  • Oaktree Sends Credit Bulls a Distressing Signal
    Bloomberg5 days ago

    Oaktree Sends Credit Bulls a Distressing Signal

    Indexes that measure the cost to protect both investment- and speculative-grade U.S. corporate bonds from default fell to their lowest levels since October, a sign of optimism about borrowers’ ability to pay their debts. The credit-focused investment firm announced that it was selling a 62 percent stake to Brookfield Asset Management in a deal worth about $4.7 billion. Well, for one, Oaktree’s chairman and co-founder is the legendary Howard Marks, who built his fortune as a vulture investor in distressed debt.

  • The Bond Market Hasn’t Forgotten About Inflation
    Bloomberg7 days ago

    The Bond Market Hasn’t Forgotten About Inflation

    Breakeven rates on two-year Treasuries — a measure of what bond traders expect the rate of inflation to be over the life of the securities — has risen to the highest since May. In addition, the difference in yield between bonds due in 10  years and longer-term debt due in 30 years – a part of the curve that’s less influenced by Fed policy – is the widest since 2017. To be sure, no one is calling for runaway inflation. At 1.90 percent, the two-year breakeven rate is below the Fed’s 2 percent inflation target.

  • Reuters19 days ago

    Brazil pension reform savings to be 690 bln reais -Morgan Stanley survey

    Reform of Brazil's social security system will deliver savings of 690 billion reais ($184 billion) over the next decade, according to the average estimate of a Morgan Stanley client poll. Investors remain "very optimistic" on the prospects for pension reform, with 93 percent expecting Congress to approve some version of the bill this year, the U.S. investment bank's survey of nearly 100 clients published late on Tuesday showed. Some 29 percent of those polled expect savings of between 700 and 800 billion reais, and 18 percent forecast savings of more than 800 billion ($214.3 billion).

  • Investors see Brazil’s Bolsonaro facing key test on pension reforms as ‘political risk’ rises
    MarketWatch24 days ago

    Investors see Brazil’s Bolsonaro facing key test on pension reforms as ‘political risk’ rises

    Investors may soon recalibrate their optimism over Brazilian President Jair Bolsonaro, analysts say.

  • Reuters25 days ago

    EMERGING MARKETS-Brazil stocks little changed as earnings boost offset by energy; Latam FX dips

    Stocks in Brazil received a modest boost on Thursday from corporate earnings and with pension reforms in focus but losses in the energy and material sector capped gains, while Latin American currencies weakened against a steady U.S. dollar. Shares on the Bovespa index in Sao Paulo recovered from an over 1 percent drop in the previous session as market participants were still trying to understand the detailed text of pension reforms presented to Congress on Wednesday. In earnings, Brazilian steelmaker Companhia Siderurgica Nacional was the biggest gainer after it posted stellar numbers for the fourth quarter by benefiting from higher international prices amid a trade spat between the United States and China.

  • Reuters26 days ago

    Brazil president seeks $270 billion pension savings, Congress has doubts

    Brazilian President Jair Bolsonaro delivered his proposed pension overhaul to Congress on Wednesday, a plan to save over 1 trillion reais ($270 billion) in a decade, which raised doubts about whether lawmakers would pass a package of that scale. The social security bill is the cornerstone of the new president's effort to close what most economists call an unsustainable public deficit and boost a weak economic recovery. The government pledged to present changes soon for military pensions that would increase the savings, a delay that also raised a red flag among some legislators.

  • Markets Need to Keep an Eye on the Lucky Country
    Bloomberglast month

    Markets Need to Keep an Eye on the Lucky Country

    The Australia dollar is usually one of the major beneficiaries of a global “risk on” rally in markets like the one this year given its close economic ties to China. The latest decline came as Reserve Bank of Australia Governor Philip Lowe shifted to a neutral policy outlook as he acknowledged increased economic risks at home and abroad. Indeed, the nation’s economic data has been consistently falling below analysts’ forecasts since the beginning of December as measured by the Citi Economic Surprise Indexes amid a weakening housing market and high consumer debt loads.

  • Reuters2 months ago

    EMERGING MARKETS-Latam assets cheer Fed pause, stocks log best January since 2006

    Latin American stocks and currencies rallied on Thursday, powered by the U.S. central bank's promise to be patient in hiking interest rates, helping stocks post their best January in 13 years. Markets ...

  • Reuters2 months ago

    EMERGING MARKETS-Latam shares rise, FX firm against steady dollar

    Latin American stocks rose on Tuesday, outperforming world stocks that struggled to hold gains ahead of keenly awaited U.S.-Sino trade talks, earnings of top technology companies and an impending U.S. ...

  • CNBC2 months ago

    Brazil reclaims status as an emerging-market darling among investors amid new leadership

    Brazilian stocks have become one of Wall Street's favorite destinations for investing this year as investors bet on big changes taking place in Latin America's largest economy.

  • Reuters2 months ago

    EMERGING MARKETS-Brazil shares hit record high; weak dlr helps Mexico, Chile FX

    Brazil stocks scaled an all-time high on Wednesday and the currency firmed, boosted by the country's economy minister reiterating that much needed pension reforms remained the government's top priority, while a weaker dollar helped some other Latin American currencies rise. In Brazil, the real rose 1.3 percent and posted its biggest one-day gain in three weeks, while the benchmark Bovespa index scaled new highs with gains being broad-based. Brazil's economy minister Paulo Guedes told Bloomberg TV that pension reforms are the government's top priority and that more than half of the fiscal deficit will be cut with the reform.

  • Brazil is making a play as the emerging market destination of choice in 2019
    MarketWatch2 months ago

    Brazil is making a play as the emerging market destination of choice in 2019

    Brazilian markets are off to a strong start in 2019. And while worries about much needed structural reforms remain, bullish analysts say a market-friendly government and supportive fundamental backdrop could make this year a doozy.

  • Reuters2 months ago

    EMERGING MARKETS-LatAm stocks boosted by Brazil record high; FX weaker

    Most Latin American stocks rose on Thursday, with Brazil shares scaling new heights amid hopes that the new government's promised pension reforms plans may be revealed earlier than expected. The MSCI index ...

  • Reuters2 months ago

    EMERGING MARKETS-Brazilian stocks drop on financials; Latam currencies weaken

    Itau Unibanco Holding S.A led the declines among financials, while Brazilian planemaker Embraer SA lost the most on the index after it lowered its revenue projection for 2018, hurt by fewer deliveries of executive jets and a runway testing incident with a new jet. Shares of Brazilian gun maker Taurus Armas SA, which does not trade on the benchmark, fell more than 10 percent after Brazil's government said it is contemplating opening the domestic market to foreigners. Latin American currencies meanwhile, weakened as the dollar benefited from the euro's fall after the British parliament rejected Prime Minister Theresa May's Brexit deal.

  • Reuters2 months ago

    EMERGING MARKETS-Latam FX fall as dollar rises; Bovespa hits 94,000

    Latin American currencies fell against a strong dollar on Thursday after Federal Reserve Chairman Jerome Powell said the central bank intends to further shrink the balance sheet, suggesting it may not ...

  • Markets Struggle With the Meaning of ‘Substantially’
    Bloomberg2 months ago

    Markets Struggle With the Meaning of ‘Substantially’

    Fed Chairman Jerome Powell may have just come up with a new one for market participants to debate: substantially. At the Economic Club of Washington, D.C., on Thursday, Powell said the central bank is sticking with its process of shrinking its balance sheet assets to a more normal level, which removes stimulus put into place to revive the economy after the financial crisis and recession a decade ago. The balance sheet, which reached a peak of $4.52 trillion before falling to a recent $4.06 trillion, “will be substantially smaller than it is now” though bigger than it was before the crisis, Powell said.

  • Reuters2 months ago

    EMERGING MARKETS-Mexico stocks jump on IPO tax cut incentive; Latam FX gains

    Latin American stocks broadly rose on Tuesday, with Mexico's benchmark index hitting a near two-month high on news of expected tax cuts for companies taking the IPO route, as global equities gained on ...

  • Reuters2 months ago

    EMERGING MARKETS-Latam stocks rally; Brazil's Bovespa at all-time high

    Latin American stock markets rallied on Friday with Brazil's benchmark index notching a record-high close for the third straight day as investors cheered fresh U.S.-China trade talks, a strong U.S. payrolls report and a perceived dovish stance from the U.S. Federal Reserve. Equities around the globe rallied as U.S. employment data pointed to economic strength and on news that China and the United States will hold trade talks in Beijing next week. Stocks surged further after U.S. Federal Reserve Chairman Jerome Powell said the central bank will be sensitive to the downside risks the market is pricing in.