Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
+1,781.14 (+1.82%)
At close: 5:25PM BRT
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Previous Close97,623.25
Day's Range0.00 - 0.00
52 Week Range
Avg. Volume4,554,300
  • Reuters6 days ago

    EMERGING MARKETS-Brazil currency, shares rise on pension overhaul proposal

    The real rose about 0.4% while Sao Paulo-listed stocks also gained 0.4% to touch a near three-month high after Brazil's congressional pension reform bill coordinator Samuel Moreira said the proposed changes would generate savings of 913.4 billion reais ($237 billion) over the next decade. "All indications suggest that pension reform remains on track and may leave the committee with greater savings than the consensus expected," Dirk Willer, head of emerging market strategy at Citi Research, and Kenneth Lam, an emerging markets FX strategist, wrote in a note. The Argentine peso advanced for a third day in a sign of approval from markets after President Mauricio Macri picked a moderate running mate that could broaden his voter base in elections to be held later this year.

  • Hedge-Fund Titan Sees Brazil in a ‘Gray Zone’ Even With Reform
    Bloomberg22 days ago

    Hedge-Fund Titan Sees Brazil in a ‘Gray Zone’ Even With Reform

    “The government will probably deliver something acceptable in terms of pension reform, but I’m a little worried on what you’re going to get afterward,” said Leonardo Linhares, a partner at SPX Capital, Brazil’s biggest independent hedge-fund firm with almost 40 billion reais ($9.9 billion) under management. Linhares, who runs the equities desk at SPX, says the government will likely burn through a lot of its political capital to push the unpopular reform through Congress.

  • Reuters23 days ago

    EMERGING MARKETS-Latam stocks down, Brazil shares up on hopes of reform

    While most Latin American stocks weakened on Monday, Brazil shares rose sharply after a pro-government march mounted pressure on Congress to pass reforms seen as crucial to the economy. Sao Paulo's Bovespa ...

  • U.S. Markets, Once Leaders, Are Becoming Laggards
    Bloomberglast month

    U.S. Markets, Once Leaders, Are Becoming Laggards

    It’s been more than a month since U.S. equities lagged behind their global peers on consecutive days. Perhaps it’s just a reflection of investors deciding it’s a good time to cull some gains with U.S. stocks among the best performers this year, especially on a currency-adjusted basis. The escalating trade war between the U.S. and China has taken a turn for the worse, and nobody is really sure how much damage it will do to profits.

  • Reuterslast month

    Brazil real slides below 4.04 per dollar, lowest in over 7 months

    Brazil's real weakened sharply on Thursday, falling below 4.04 per dollar for the first time in more than seven months as worries intensified over the slow progress of government reforms in Congress and ...

  • Reuterslast month

    Brazil retail sales slump in March, raising risk economy shrank in Q1

    Brazilian retail sales in March posted their biggest annual decline in over two years, government statistics agency IBGE said on Thursday, adding to concerns the economy struggled badly, and possibly contracted, in the first quarter. Coming a day after the central bank kept its benchmark Selic rate on hold at 6.50 percent, the figures give further weight to the view that the economy will stagnate this year and add to calls for a cut sooner rather than later, economists say. Brazilian markets fell, with the real sliding more than 1 percent closer toward 4.00 per dollar and the Bovespa stock index falling 1.3 percent to 94,383 points.

  • Reuterslast month

    EMERGING MARKETS-Latam stocks gain, Brazil up on pension reform hopes

    An index of Latin American stocks rose on Wednesday, propped up by robust Brazilian shares gaining on optimism around a pension reform proposal, while most Latin American currencies firmed against a listless ...

  • Reuters2 months ago

    EMERGING MARKETS-Latam markets weaker, Brazil plagued by pension reform worries

    Brazil's currency and stocks fell on Wednesday as potential hurdles for pension reforms weighed, while other Latin American stocks tracked world equities lower. Currencies succumbed to a stronger dollar. ...

  • Reuters2 months ago

    EMERGING MARKETS-Latam shares rise on boost from Brazil

    Most Latin American stock markets rose on Thursday, as gains in index heavyweight Brazil boosted the regional benchmark even as global stocks edged lower after five days of gains, as investors sought signs ...

  • CNBC3 months ago

    The future of Brazilian stocks hinges on two words: Pension reform

    Brazil's benchmark stock index reached an all-time high earlier this month and is up 8.6 percent for the year. Investors in Brazil and across the world are betting that President Jair Bolsonaro will push through key changes to the social security system in Latin America's largest economy. The stakes are high for pension reform in Brazil because an improvement could boost the country's flagging economy and give it some stability.

  • Reuters3 months ago

    EMERGING MARKETS-Latam shares rise on trade hopes, post best quarter in a year

    Latin American shares rose on Friday, in line with other emerging market peers and world stocks, as encouraging signals from U.S.-China trade talks supported risk sentiment. MSCI's index of Latin American ...

  • Reuters3 months ago

    EMERGING MARKETS-Latam up, Brazil markets stage comeback

    Latin American markets rose on Thursday recovering from last session's steep falls as Brazil markets jumped with the country's political top brass trying to assuage investors after rising uncertainty around ...

  • Reuters3 months ago

    Brazil's Guedes: Don't dilute pension savings below 1 trillion reais

    Brazilian Economy Minister Paulo Guedes on Monday said the government's landmark pension reform may be diluted, but urged lawmakers not to water down targeted savings in the next decade to less than 1 trillion reais ($259 billion). Brazilian markets have slumped in recent days on growing concerns that political fragmentation in Brasilia will delay and dilute the reform that most economists see as critical to restoring public finances and kickstarting the economy. Guedes recognized that the negotiating process is having "natural" teething problems and that political arm-wrestling will likely result in a final bill that differs from the government's original draft.

  • Reuters3 months ago

    Judge orders release of Brazil ex-president Temer from jail

    A Brazilian appeals court judge on Monday ordered the release of former President Michel Temer from jail, following his arrest last week in connection with a corruption investigation. Federal prosecutors have accused Temer, who was president from 2016 to 2018, of leading a "criminal organization" that had received or arranged for 1.8 billion reais ($472 million) in bribes through various kickback schemes. Judge Ivan Athié of the TRF-2 federal appeals court said in his ruling that the evidence provided by investigators did not justify the "preventive" jailing of Temer and seven other defendants, including former minister Wellington Moreira Franco.

  • Reuters3 months ago

    Brazil markets end volatile session in the red after ex-president's arrest

    Brazilian financial markets fell in highly volatile trading on Thursday as investors feared former President Michel Temer's arrest on graft charges could slow proposed pension reform seen as critical to injecting life into a tepid economic recovery. Temer, who left office on Jan. 1, is accused of leading a "criminal organization" that took in 1.8 billion reais ($472 million) in a bribery and kickback scheme related to the construction of a nuclear power complex. Brazil's 10-year bond yield was up more than 20 basis points at 8.93 percent and the currency, the real, down over 1 percent at one point.

  • Reuters3 months ago

    EMERGING MARKETS-Latam FX weaker, Brazil hit by arrest of ex-president

    Latin American currencies weakened on Thursday as the dollar soared, while Brazil shares fell sharply following the arrest of a former president of the country on graft charges. A slump in the dollar's ...

  • Reuters3 months ago

    Brazil's ex-President Temer jailed, accused of heading 'criminal organization'

    SAO PAULO/BRASILIA, March 21 (Reuters) - Brazil's former President Michel Temer was arrested on Thursday in "Operation Radioactivity," a probe of alleged graft in the construction of a nuclear power plant, threatening to delay debate over the government's ambitious fiscal reforms. Temer was president from 2016 to 2018, taking office after the impeachment of Dilma Rousseff, who he served under as vice president for six years. Prosecutors alleged that Temer was the leader of a "criminal organization" that took in 1.8 billion reais ($472 million) in bribes or pending future kickbacks as part of numerous schemes, including one related to the Angra nuclear power plant complex on the Rio de Janeiro coast and other state firms.

  • Fed ‘Put’ Lacks Key Ingredient Bulls Dare Not Ignore
    Bloomberg3 months ago

    Fed ‘Put’ Lacks Key Ingredient Bulls Dare Not Ignore

    Clearly, investors were overjoyed with the prospect that the Fed had their backs. The concern here is that the Fed’s moves will only serve to suppress market rates, putting further pressure on the already razor-thin difference between the short-term rates banks pay on their own borrowings and the long-term rates they charge lenders. In the banking business, this is known as the net interest margin.