Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
+504.87 (+0.59%)
At close: 6:20PM BRST
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Previous close85,914.71
Day's range85,583.05 - 87,520.48
52-week range69,069.00 - 91,242.00
Avg. volume4,359,142
  • The Wall Street Journal2 days ago

    [$$] Stock Investors Seek Shelter Overseas

    Investors are returning to emerging markets, hoping to find bargains after one of the worst selloffs in years. Flows into developing countries’ stocks and bonds surged in November to $33.9 billion, their highest level since January, data from the Institute of International Finance showed. After years of double-digit returns, emerging markets have been slammed in 2018 by a host of concerns, from a stubbornly strong dollar to a trade conflict between the U.S. and China.

  • Reuters13 days ago

    Bull run finale for global stocks not far off now - Reuters poll

    An end to the bull run in global stocks is not far away, according to a Reuters poll which also showed a broad cut to forecasts for next year on concerns over global growth and tightening financial conditions. World stocks tested lows at the end of October during a brutal rout that wiped off trillions of dollars of market value, driven by a U.S.-led trade war and a hawkish Federal Reserve. The recent turbulent sell-off in stocks is more or less over, according to nearly 250 equity strategists polled Nov 13-28.

  • The Wall Street Journal25 days ago

    [$$] Brazil Signals Hawkish Approach on Its Big Budget Deficit

    BRASÍLIA—Brazil’s president-elect has put together a team of fiscal hawks to lead the economy, winning cautious approval from markets worried about the country’s ballooning debt. Jair Bolsonaro’s designated economy minister, Paulo Guedes, on Thursday proposed U.S.-trained economists Roberto Campos Neto, 49, to lead the central bank and Mansueto Almeida, 51, to stay on as head of the national treasury. Earlier this week the president-elect said former Finance Minister Joaquim Levy, 57, will lead Brazil’s large development bank, known as BNDES, the main source of funds for much-needed infrastructure projects in the country, but which until recently has also been a burden for taxpayers.

  • CNBClast month

    Brazil election not a buying opportunity; instead, wait to see what president does: Analyst

    Because of Brazil's unpredictable nature, Andean Capital CEO Dan Osorio is waiting to see how the president-elect of Latin America's largest economy will lead beginning in January. "As my Brazilian friends and colleagues tell me, Brazil is not for beginners, so predicting is far from easy," says Osorio. Far-right candidate Jair Bolsonaro won with 55 percent of the vote in Brazil's presidential election on Sunday.

  • CNBClast month

    Brazil stocks outshined the rest of the world ahead of the election — now comes the hard part

    The iShares MSCI Brazil ETF (EWZ) — which tracks Brazilian shares — has skyrocketed more than 18 percent this month, while global shares are down 9 percent. Far-right candidate Jair Bolsonaro triumphed over leftist Fernando Haddad in national elections, and investors will be watching to see if the controversial new administration delivers on economic and budgetary promises. Global stocks have taken a beating this month, but one surprising market has bucked the overall negative trend: Brazil .

  • CNBC2 months ago

    Brazilian shares surge as far-right presidential candidate erases deficit in second-round poll

    A poll released Monday by Ibope showed far-right candidate Jair Bolsonaro would tie Fernando Haddad, the left-wing candidate from Brazil's Workers Party, in a likely second-round runoff. Bolsonaro is seen as a more market-friendly candidate than Haddad given his economic platform, says Alberto Ramos, head of Latin American economics at Goldman Sachs.

  • Emerging-Market Currencies Ride Out Fed Hike, Trade-Row Escalation
    Bloomberg2 months ago

    Emerging-Market Currencies Ride Out Fed Hike, Trade-Row Escalation

    Emerging-market currencies rounded off a winning month, defying the prospect of further rate hikes by the Federal Reserve, as more developing-nation central banks deployed tighter monetary policies to backstop local markets. Trade tension between China and the U.S. escalated as some $200 billion of Chinese products became subject to U.S. tariffs on Sept. 24, on top of $50 billion of existing levies.

  • Investors Look Past Trade War Amid Risk-On Sentiment: EM Review
    Bloomberg3 months ago

    Investors Look Past Trade War Amid Risk-On Sentiment: EM Review

    Emerging-market stocks, currencies and bonds were unfazed by an escalation in the U.S.-China trade dispute, rising for a second week as the dollar retreated. The Chinese yuan had its first weekly gain this month as Premier Li Keqiang said the country won’t devalue its currency in order to make its exports more competitive amid trade tension with the U.S.

  • Commodity Prices Trump Politics for Investors in Brazil
    Bloomberg3 months ago

    Commodity Prices Trump Politics for Investors in Brazil

    This was supposed to be Brazil’s breakout year. During the ensuing 12 months, $1.3 billion poured into Latin America’s largest economy through exchange traded funds, making it a top-10 nation among investors. The biggest of them, BlackRock’s MSCI Brazil ETF, suffered its worst outflows since inception in 2000.

  • CNBC3 months ago

    Brazilian stocks could get more volatile as an 'unpredictable' election approaches

    Far-right candidate Jair Bolsonaro leads the polls heading into the first round of Brazil's presidential election. Other candidates, meanwhile, are seen as unwilling or unable to move forward with much-needed economic reforms to jumpstart the Brazilian economy. "The market would like to see a market friendly candidate win, but that's more of a dream than reality," says Goldman Sachs' head of Latin America economics.

  • Bond Traders Dash for Cash as Fed Hike Odds Soar
    Bloomberg3 months ago

    Bond Traders Dash for Cash as Fed Hike Odds Soar

    Forget all the talk about an escalating trade war damaging the U.S. economy or that the coming midterm elections threaten to throw the political system into disarray. In fact, they are loading up on super-safe cash-like instruments as bets on the Federal Reserve raising interest rates two more times before year-end reach a new high. Demand at the U.S. Treasury's bill auctions this week were on the high side, especially for 52-week bills.

  • Brazil Assets Slump as Left Advances One Month Ahead of Election
    Bloomberg3 months ago

    Brazil Assets Slump as Left Advances One Month Ahead of Election

    Brazilian markets dropped as a poll showed left-wing candidates gaining support while those favored by investors stalled out with less than a month to go until the presidential election. The real and the benchmark stock index were the worst performers among major markets globally Tuesday, erasing all gains posted after last week’s knife attack targeting conservative Jair Bolsonaro spurred speculation his candidacy would get a boost. Candidates on the left, who investors fear would backtrack on efforts to shore up Brazil’s fiscal accounts, were the only ones who gained support at a level that exceeded the margin of error in a Datafolha poll released last night.

  • Bloomberg3 months ago

    Brazil Hedge-Fund Legend Increases Bet on Stocks Ahead of Vote

    Brazilian legendary hedge-fund manager Luis Stuhlberger is taking advantage of election jitters to step up his bet on stocks. The "Brazilian market continues on its frantic search to adjust to election odds on a daily basis," Stuhlberger’s Verde Asset Management SA said in a monthly note to clients. The fund took advantage of the Ibovespa’s 11 percent drop in dollar terms last month to "marginally" increase its position on Brazil stocks.

  • Central Bank Mettle in Focus as Dollar Saps Emerging Markets
    Bloomberg3 months ago

    Central Bank Mettle in Focus as Dollar Saps Emerging Markets

    It’s stacking up to be another roller-coaster week for emerging markets, still reeling from a sell-off that drove stocks into a bear market for the first time since March 2016. Central banks in Turkey and Russia will make key rate decisions, with investors waiting to see how far policy makers will go to defend their weakening currencies. Meantime, the near-fatal stabbing of election front-runner Jair Bolsonaro will remain a focus in Brazil.

  • Emerging Markets Tumble as Argentina Struggles to Stop Bleeding
    Bloomberg3 months ago

    Emerging Markets Tumble as Argentina Struggles to Stop Bleeding

    A selloff in emerging markets deepened as Argentina and Turkey struggled to shore up global investor confidence.

  • Holiday Hangover Seen Gripping EM Assets as Turks Return to Work
    Bloomberg4 months ago

    Holiday Hangover Seen Gripping EM Assets as Turks Return to Work

    Last week’s gains may turn into yet another short-lived reprieve as Turks return to work after a long holiday and anxiety over elections in Brazil grows. There are other reasons for investors to shun riskier assets. The trade skirmish between the U.S. and China may get uglier.