|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.84 - 10.12|
|52 Week Range||4.86 - 11.70|
|PE Ratio (TTM)||11.48|
|Dividend & Yield||0.29 (2.87%)|
|1y Target Est||N/A|
The LME (London Metals Exchange) three-month copper contract has now closed above the $6,000 per metric ton price level for 19 consecutive trading sessions.
While the Brazilian government bumped up its deficit target late Tuesday to 159 billion reais ($50.4 billion) for both 2017 and 2018, it is promising spending cuts and some revenue boosters that are likely to get approval despite the country's ongoing political chaos, Eurasia Group says. The previous deficit target was 139 billion reais. The Brazilian real strengthened by 0.7% against the U.S. dollar and the iShares MSCI Brazil Capped exchange-traded fund (EWZ) tempered gains at the close, with a rise of 1.3% Wednesday just ahead of the Vanguard FTSE Emerging Markets ETF (VWO), up 1.1%. Shares of Brasil's Banco Bradesco (BBDO) rallied 4.5%, iron ore mining giant Vale (VALE) rose 3%, and meat producer BRF (BRFS) fell 1%.
Shares of Australian miner Rio Tinto fell 1.2% Tuesday, after RBC Capital Markets downgraded the shares citing concern about growth in China. The stock didn't slump more because while analysts Tyler Broda, ...