SAO PAULO, July 16 (Reuters) - Brazil's benchmark Bovespa stock index fell on Wednesday as a decline in bank shares offset gains in mining firm Vale and telecommunications company Grupo Oi. Moves in...
gained 14% from May, but was 35% lower Y/Y. In other news, CME received dividends from its 5% ownership stake in Bovespa , with the total for Q2 being about $8.5M. Source: Press Release Post your comment!
s hot performers from February through mid-June (as markets anticipated the end of central bank rate hikes), the Bovespa has taken a little bit of a breather since the World Cup got underway. EWZ -0.6% in morning action. ETFs: EWZ
(Updates with Brazil's Bovespa closing little changed as Petrobras, Copel erased gains)
By Nicholas Pardini : While the BOVESPA ( EWZ ) has rallied on signs of president Dilma Rouseff re-election odds falling, Ambev ( ABEV ) has sold off. However at current
Checking valuations, the Micex trades for 5.4x earnings vs. 15.5x for India's Sensex, 10.7x for Brazil's Bovespa , and 7.6x for the Shanghai Composite. ETFs: RSX , RUSL , RSXJ , ERUS , RUSS , RBL , RUDR Post your comment!
forecast - suggesting the rate hike cycle will continue - isn't enough to halt the big rally in Brazilian stocks, with the Bovespa 's 3.2% gain today putting the index higher by nearly 15% over the last two weeks. The central bank now sees inflation
naturally predict a dimmer economic outlook, and markets tend to overreact. Data from Bovespa , the Brazilian stock exchange, support this behavior. In June, Bovespa decreased 11% against a 1% decline in the Dow Jones Industrial Average. However
that just 10 companies represent 19% of the S&P 500 Index, or that in a passive strategy linked to the Brazilian BOVESPA Index , just two companies would represent over 20% of its holdings. 3 The latter, incidentally, happen to be partially
exchange rate, PT shareholders will own approximately 38.1% of the company. The new company's stock will trade on the Bovespa Mercado, NYSE Euronext Lisbon, and NYSE. The deal is expected to close during the first half of 2014, as there are