BRAZIL
April 24, 2011 - Bovespa Futures Advance on Commodities, U.S. Corporate Earnings - Bovespa stock-index futures gained as commodities prices climbed, boosting the outlook for producers, and U.S. companies reported higher-than-forecast earnings, bolstering prospects for the economic recovery in Brazil’s second-biggest trading partner.
April 17, 2011 - Bovespa Stock-Index Futures Decline on China Inflation Outlook - Bovespa stock-index futures fell, showing the measure may fall for a sixth day, as China’s inflation accelerated to the fastest pace since 2008, bolstering the case for a tighter monetary policy in Brazil’s biggest trading partner.
April 10, 2011 - Bovespa Posts Weekly Decline as Banks Fall on Consumer Loan Tax Increase - Brazil’s Bovespa stock index posted its first weekly decline in a month as banks fell after policy makers doubled a tax on consumer loans to try to curb inflation.
April 1, 2011 - Bovespa Stocks Post Biggest Weekly Gain Since February on Economic Data - Brazilian stocks climbed for a fourth day, posting the biggest weekly advance since February, after industrial production data showed the economy remains robust and as U.S. unemployment fell to a two-year low.
March 30, 2011 - Bovespa Advances Led by Retailers as Rate Increase Seen Limited - The Bovespa stock index advanced for a second day on speculation Brazil’s central bank will limit further interest rate increases after policy makers said the costs are too high to meet the inflation target this year.
March 29, 2011 - Bovespa Index Fluctuates as Oil Decline Offsets Usiminas Rally - The Bovespa stock index fluctuated between gains and losses as oil prices dropped, dimming the outlook for producers, and offsetting a rally for Usinas Siderurgicas de Minas Gerais SA.
March 28, 2011 - Bovespa Falls on Higher Inflation Forecast, Drop in Commodities - The Bovespa stock index fell, retreating from the biggest weekly gain in three weeks, as the prospect of higher inflation and a drop in commodities offset a positive U.S. consumer spending report.
March 25, 2011 - Bovespa Stock Index in Biggest Weekly Gain in a Month on Earnings Growth - Brazil’s Bovespa stock index posted the biggest weekly advance in three after phone-service providers surged on speculation they’ll weather rising inflation and borrowing costs.
March 24, 2011 - Brazil’s Bovespa Stock Index Futures Advance as Commodities Prices Rise - Bovespa stock-index futures advanced, showing the gauge may add to a weekly gain, as commodities prices rose, boosting the outlook for producers.
March 22, 2011 - Brazil’s Bovespa Fluctuates as Usiminas Gain Offsets Vale Drop - Brazil’s Bovespa stock index fluctuated as steelmaker Usinas Siderurgicas de Minas Gerais SA (USIM5) advanced amid merger and acquisition speculation, offsetting a decline in Vale SA. (VALE3)
March 21, 2011 - Brazilian Stock Movers: Banco Pine, Bradesco, Embraer, Gerdau - The Bovespa Index fell 0.3 percent to 66,689.6
March 20, 2011 - Bovespa Stock Index Rises for Second Straight Day, Erasing Weekly Decline - Brazil’s Bovespa stock index rose 0.3 percent to 66,442.65 at 9:03 a.m. New York time.
March 11, 2011 - Bovespa Stock Index Futures Fluctuate as Rate Optimism Offsets Japan Quake - Brazil’s Bovespa stock index fluctuated, after a three-day rout, as traders pared bets for higher borrowing costs, offsetting global growth concerns following Japan’s 8.9-magnitude earthquake.
March 9, 2011 - Brazil's Bovespa Stock Index Falls on Inflation Forecasts, Libya Concern - Brazil’s Bovespa stock index fell, retreating from last week’s advance, as Vale SA slid the most since August and continuing violence in Libya dimmed the outlook for global growth.
March 8, 2011 - Rhodia Credits Show CO2 Trade Can Help Brazil, World Bank Says - Rhodia SA (RHA)’s sale of 6 million carbon credits to the World Bank’s Spanish Carbon Fund shows that emissions trading can help emerging nations cut pollution and potentially aid in their economic development, the lender said.
March 7, 2011 - Bovespa Stock-Index Futures Advance on Inflation, Commodities - Bovespa stock-index futures advanced, with the measure adding to a weekly gain, as inflation showed signs of deceleration and commodities rose, boosting the outlook for producers.
March 4, 2011 - Bovespa Stock-Index Futures Advance on Inflation, Commodities - Bovespa stock-index futures advanced, with the measure adding to a weekly gain, as inflation showed signs of deceleration and commodities rose, boosting the outlook for producers.
March 3, 2011 - Brazil Stocks Rise for Second Day on Metal Prices, Rate Outlook - Brazilian stocks advanced for a second day, sending the Bovespa stock index to the highest in five weeks, as metals prices rose and the central bank signaled bigger interest rate increases may not be needed to curb inflation.
March 2, 2011 - Bovespa Futures Fluctuate as Output Growth Fuels Rate Concern - Bovespa stock-index futures fluctuated between gains and losses after industrial output grew unexpectedly, fueling concern the central bank will raise interest rates more than previously expected.
March 1, 2011 - Bovespa Index Falls Most in Three Weeks on Credit, Oil Concerns - The Bovespa stock index fell the most in three weeks as concern intensified that credit expansion in Brazil will falter and rising oil prices will hinder economic growth in the U.S., the nation’s second-biggest trade partner.
February 28, 2011 - Petrobras Profit Surges 38% to Record on Oil Production - Petroleo Brasileiro SA, the world’s third-largest oil company by market value, said fourth-quarter profit surged 38 percent to a record after production increased.
February 25, 2011 - Bovespa Index Rises for Third Day on Rate Outlook, Vale Earnings - Brazilian stocks rose for the third day, reducing this week’s drop, as miner Vale SA rallied after earnings beat analysts’ estimates and traders pared bets for higher borrowing costs.
February 24, 2011 - Brazil’s Bovespa Stock Index Advances on Earnings, Oil Producers - The Bovespa stock index gained for a second day as companies reported earnings growth and surging crude prices improved the outlook for oil producers.
February 23, 2011 - Bovespa Gains as Oil Rally Bolsters Producers; Petrobras Rises - The Bovespa stock index gained for the first time in three days as turmoil in Libya spurred a surge in crude, bolstering oil producers in Brazil.
February 22, 2011 - Bovespa Index Futures Fall on Inflation Concern, Libya Turmoil - Bovespa stock-index futures dropped as inflation quickened to the fastest pace in almost eight years and escalated violence in Libya sparked concern global growth will falter.
February 21, 2011 - Brazilian Stock Movers: Embraer, OGX Petroleo, PDG Realty, Tam - The Bovespa Index fell 1.2 percent to 67,258.66.
February 18, 2011 - Most Brazilian Stocks Decline on Commodity Price Retreat, China - Most Brazilian stocks fell as commodity prices dropped after China raised banks’ reserve requirements for a second time this year to curb inflation, dimming the outlook for Brazilian producers.
February 17, 2011 - Bovespa Gains for Second Day as Card Companies, Usiminas Rally - The Bovespa stock index rose for a second day as card-payment processors soared and Brazil’s second-biggest steelmaker rallied on a rating increase.
February 16, 2011 - Bovespa Stock Index Advances on Rate Outlook, Oil Producers - Brazil’s Bovespa stock index rose, rebounding from its first decline in four days, as traders pare bets for higher borrowing costs and oil prices advance.
February 15, 2011 - Bovespa Index Declines on BM&FBovespa Plunge, Commodity Slump - Brazil’s Bovespa stock index fell for the first time in four days as Latin America’s biggest exchange operator plunged and falling commodity prices dimmed the outlook for producers.
February 14, 2011 - Bovespa Rises Third Day as Commodity Gains Bolster Producers - The Bovespa stock index posted the biggest three-day increase in five months as a Chinese trade report lifted commodity prices, bolstering the outlook for Brazil’s producers.
February 11, 2011 - Brazilian Homebuilders Rally on Valuation, Interest-Rate Outlook - Homebuilers rallied in Sao Paulo, led by Rossi Residencial SA, with the BM&FBovespa Real Estate Index rebounding from a seven-month low as investors bet that the impact of higher interest rates may be less than estimated.
February 10, 2011 - Bovespa Rises as Easing Credit Concern Propels Banks; OGX Gains - The Bovespa stock index rose, rebounding from the biggest drop since November, on speculation the central bank may limit taking additional steps to cool the economy after consumer lending slowed last month.
February 9, 2011 - Bovespa Tumbles Most Since November on Commodities, Budget Plan - The Bovespa stock index plunged the most since November, erasing a two-day rally, as commodities dropped and Brazil’s budget-cut plan failed to quell concern that rising inflation will limit earnings.
February 8, 2011 - Bovespa rises most in week led by banks, as rate outlook eases -
February 7, 2011 - Bovespa Holds Near Five-Month Low as Oil Drop Offsets Inflation - The Bovespa stock index held near a five-month low as declines in oil producers offset economists’ reduced forecasts for Brazilian inflation.
February 4, 2011 - Brazil Stocks Drop on Bets for More Credit Slowing Policies - Brazil’s Bovespa stock index fell, extending its drop from a Nov. 4 high to 11 percent, as retailers, banks and homebuilders slumped on concern central bank policy makers will take more measures to tame inflation.
February 3, 2011 - Bovespa Advances as Steelmaker Rally Overshadows Rate Concern - The Bovespa stock index rose for the second time this week as steelmakers rallied, overshadowing concern that Brazil’s policy makers will raise borrowing costs to tame inflation.
February 2, 2011 - Bovespa Falls as Industrial Production Contracts; Real Retreats - Brazil’s Bovespa stock index sank as a report showed factory output unexpectedly fell and investors speculated a strengthening U.S. economy may lead policy makers to unwind stimulus efforts that bolster global growth.
February 1, 2011 - Bovespa Gains on Metals Rally, Cheapest Valuations in Two Years - The Bovespa stock index climbed the most this year, halting a four-day retreat, after commodities advanced and the gauge’s price relative to estimated earnings dropped to the lowest level in more than two years.
February 1, 2011 - Brazil's Real Strengthens to Four-Week High on Global Manufacturing Data - Brazil’s real rose to a four-week high after reports showed manufacturing increased in Brazil, China and the U.S., boosting demand for higher-yielding, emerging-market assets.
January 31, 2011 - Bovespa Index Climbs as GDP Forecasts Rise, Oil Producers Rally - The Bovespa stock index rose, paring a monthly decline, after economists raised their forecasts for Brazil’s economic growth and oil producers rallied.
January 28, 2011 - Bovespa Plunges Most Since June on Egypt Concern, Inflation - The Bovespa stock index plunged the most since June, joining a global selloff, as unrest in Egypt intensified and on concern rising Brazilian inflation will limit earnings growth. The real weakened for a second day.
January 27, 2011 - Bovespa Slumps as Retailers, Builders Sink on Inflation Concern - Brazil’s Bovespa stock index posted the biggest two-day drop in six weeks, led by retailers and homebuilders, as concern mounted that policy makers will take additional steps to cool the economy amid rising inflation.
January 26, 2011 - Bovespa Index Declines to Four-Week Low as Credit Growth Slows - Brazilian stocks slumped, with the Bovespa index falling to the lowest level in four weeks, as bank lending eased and rising inflation fueled speculation policy makers will step up efforts to constrain credit growth.
January 25, 2011 - Record Overseas Bond Sales Hinder Effort to Slow Real Gain: Brazil Credit - Record overseas dollar bond offerings from Brazilian companies are hurting the government’s effort to stem inflows that sparked the real’s 39 percent rally in the past two years.
January 24, 2011 - Bovespa Advances as Growth Outlook Outweighs Inflation Concern - Brazil’s Bovespa stock index rose for the first time in four days on speculation economic growth will boost companies’ earnings, overshadowing concern that inflation will spur higher borrowing costs.
January 21, 2011 - Brazil Stocks Extend Weekly Retreat on Credit Policy Concern - Brazil’s Bovespa stock index fell, heading for its biggest weekly drop in more than a month, as retailers, homebuilders and banks declined on concern policy makers will implement new measures to curb credit growth.
January 20, 2011 - Brazil Bank Shares Lead Declines on Credit Curbs Concern - Brazilian lenders led declines in Sao Paulo trading as the central bank signalled it may enact additional credit curbs after raising the benchmark interest rate less than some traders were betting.
January 19, 2011 - Brazil’s Bovespa Drops on Rate Increase Prospects; Real Climbs - Brazil’s Bovespa stock index dropped the most in almost a week on speculation policy makers will raise interest rates today and as metals prices fell.
January 18, 2011 - Bovespa Gains as Commodities Advance, Embraer Jumps; Real Rises - Brazil’s Bovespa stock index rose as commodities advanced and Embraer SA, the world’s fourth-biggest airplane maker, rallied after saying it increased deliveries in the fourth quarter.
January 17, 2011 - Bovespa Stock Index Drops on China Demand Concern, Interest-Rate Outlook - The Bovespa stock index fell, halting four weeks of gains, as economists raised Brazilian inflation forecasts and China´s steps to ease the nation’s rate of growth spurred concern demand will slow.
January 14, 2011 - Bovespa Index Completes Fourth Weekly Advance as Embraer Soars - The Bovespa stock index advanced for the fourth time in five days, completing its longest stretch of weekly gains since October, on speculation Brazil’s economic growth will boost companies’ earnings
January 13, 2011 - Bovespa Falls First Time in Four Days on Rate Bets, U.S. Jobs - Brazil’s Bovespa stock index fell for the first time in four days, retreating from a two-month high, as traders increased bets for higher interest rates and U.S. jobless claims rose more than forecast.
January 12, 2011 - Bovespa Advances Most in a Month on Retail Sales, Europe Outlook - The Bovespa stock index soared the most in a month, advancing for a third day, after Brazilian retail sales jumped and investors speculated Europe’s debt crisis may ease, bolstering the world recovery.
January 11, 2011 - Bovespa Gains for Second Day on Interest-Rate Bets, Commodities - Brazil’s Bovespa stock index rose for a second day as traders pared bets for higher borrowing costs and commodity prices gained on speculation Japan’s plan to buy euro-area bonds to ease the region’s debt crisis will bolster the world rebound.
January 10, 2011 - Bovespa Rises as B2W Rally Overshadows Rates, Europe Concern - The Bovespa stock index rose for the first time in three days as Brazil’s biggest online retailer rallied, overshadowing concern that rising interest rates will curtail domestic demand and Europe’s debt crisis will slow the global economic recovery.
January 7, 2011 - Bovespa Stock Index Retreats, Paring Weekly Gain, on Quickening Inflation - Brazil’s Bovespa stock index fell for a second day, trimming its weekly gain, as a report showed inflation last year quickened faster than forecast and banks tumbled for a second day.
January 6, 2011 - Brazilian Stock Movers: Gol, Itausa, Petrobras, Rodobens - The Bovespa Index fell 0.7 percent to 70,578.83.
January 5, 2011 - Bovespa Extends Longest Rally Since October as Steelmakers Gain - The Bovespa stock index rose for a sixth day, the longest streak in three months, as steelmakers gained after industrial production grew more than forecast, overshadowing a tumble in the Sao Paulo exchange operator.
January 4, 2011 - Bovespa Index Drops as Petrobras Retreat Overshadows Gol Rally - Brazil’s Bovespa stock index dropped for the first time in five days as Petroleo Brasileiro SA’s fall overshadowed an airline rally.
January 3, 2011 - Bovespa Gains as Rousseff Vows to Fight ‘Plague’ of Inflation - Brazil’s Bovespa stock index rose to a six-week high after President Dilma Rousseff took office, pledging to contain consumer prices, and the prospect of slower Chinese inflation boosted the outlook for commodity producers.
December 31, 2010 - Bovespa Rises in Last Trading Day of 2010 on Rates, Petrobras - The Bovespa stock index rose on its final trading day of 2010, capping its worst annual performance relative to emerging-market peers, as traders pared bets for higher borrowing costs and Petroleo Brasileiro SA rallied.
December 30, 2010 - Bovespa Rises in Last Trading Day of 2010 on Rates, Petrobras - The Bovespa stock index rose on its final trading day of 2010, capping its worst annual performance relative to emerging-market peers, as traders pared bets for higher borrowing costs and Petroleo Brasileiro SA rallied.
December 29, 2010 - Bovespa Rises Second Day as Slower Inflation Eases Rate Outlook - Brazilian stocks rose for a second day, bringing the Bovespa index above its level at the end of last year, as slower-than-forecast inflation spurred traders to pare bets for higher borrowing costs.
December 28, 2010 - Bovespa Rises as Oil Producers Rally on Growth, Price Outlook - Brazil’s Bovespa stock index advanced, rebounding from the first drop in four days, as oil producers rallied on the outlook for rising crude prices and domestic exploration.
December 27, 2010 - Bovespa Stock Index Falls on Brazil, China Tightening Outlook - The Bovespa stock index fell for the first time in four days on concern quickening inflation in Brazil and China will spur policy makers to take additional steps to cool the economy.
December 24, 2010 - Tam, Gol Lead Gains in Brazil's Bovespa After Air Workers Suspend Strike - Brazilian airline Gol Linhas Aereas Inteligentes SA led gains on the Bovespa index in Sao Paulo after aviation workers delayed until next month a planned strike that threatened to disrupt Christmas travel.
December 23, 2010 - Most Brazil Stocks Falls on Interest Rate Concern; Gol Jumps - Most Brazilian stocks fell as traders increased bets that policy makers appointed by President-elect Dilma Rousseff will raise borrowing costs when they take office next year.
December 22, 2010 - Petrobras May Lag Behind Bovespa Rally in 2011 as BlackRock Favors Bank - Petroleo Brasileiro SA, the biggest drag on Brazil’s benchmark stock index this year, may trail the Bovespa in 2011 on investors’ concern the oil producer’s investments will crimp profits, according to BlackRock Inc.
December 21, 2010 - Bovespa Gains Most in 3 Weeks as China Acts to Help Europe Debt - The Bovespa stock index advanced the most in almost three weeks, led by raw-materials producers, as commodities jumped after China said it’s supporting European Union efforts to resolve the region’s debt crisis.
December 20, 2010 - Brazil Frets as Panamericano Exposes Deteriorating Credit Hobbling Stocks - The first investigation into Brazil’s asset-backed securities industry, rising consumer delinquencies and the biggest rout of a bank stock in more than a decade are opening cracks in the country’s financial system.
December 17, 2010 -Brazil’s Bovespa Falls as Jobless Rate Drop Fuels Rate Concerns - Brazil’s Bovespa stock index declined after a bigger-than-forecast drop in the country’s jobless rate in November heightened speculation that the central bank will raise interest rates to cool economic growth.
December 14, 2010 - Brazil’s Bovespa Slips as Retail Sales Rise Less Than Estimated - The Bovespa stock index fell for the first time in three days on concern measures to curb credit growth may hurt earnings. Retailers sank after the government said sales rose less than analysts estimated.
December 13, 2010 - Bovespa Stock Index Advances on Commodities, Economic Prospects - The Bovespa stock index climbed for a second day as commodities prices rallied and economists increased their estimates for growth.
December 10, 2010 - Bovespa Gains, Paring Weekly Drop, on Rate Optimism, Petrobras - The Bovespa stock index rose for the first time in a week, led by Petroleo Brasileiro SA, as traders reduced bets for higher borrowing costs on speculation Brazil will control inflation.
December 9, 2010 - Bovespa Fluctuates as Producer Rally Offsets Inflation Concern - The Bovespa stock index fluctuated between gains and losses as raw-materials producers rallied, offsetting concern inflation will quicken after the central bank signaled it may delay raising borrowing costs.
December 8, 2010 - Bovespa Index Futures Fall as Inflation Quickened; Real Slips - Bovespa stock-index futures fell on concern quickening inflation in Brazil and China will prompt policy makers to raise borrowing costs to cool the economies.
December 7, 2010 - Bovespa Index Advances as Commodities Rally on U.S. Growth Bets - The Bovespa stock index rallied for the fourth time in five days, rebounding from yesterday’s drop, as commodities prices climbed on speculation U.S. tax cuts will stimulate demand, boosting the outlook for Brazilian producers.
December 6, 2010 - Bovespa Futures Fall on Interest Rate, U.S. Stimulus Concern - Bovespa stock-index futures fell as economists raised forecasts for higher borrowing costs and metals and oil retreated on concern the U.S. economy may need more stimulus for an economic recovery.
December 3, 2010 - Bovespa Posts Biggest Weekly Gain in a Month on Outlook for Interest Rates - The Bovespa stock index rose for a third day, capping the biggest weekly gain in a month, as the Brazilian central bank’s measures to cool inflation spurred traders to pare bets for higher borrowing costs.
December 3, 2010 - Bovespa Futures Decline After Central Bank Tightening Measures - Bovespa stock-index futures fell, indicating the measure may snap a two-day advance, after Brazil’s central bank announced measures to slow consumer lending and prevent a credit bubble.
December 1, 2010 - Brazilian Stocks Gain, Snapping Four-Day Drop, on Global Growth - Brazil’s Bovespa stock index rose, snapping a four-day decline, after China’s manufacturing expanded and investors speculated European policy makers will act to contain the region’s debt crisis.
November 30, 2010 - Bovespa Posts Monthly Drop on Steel Rout, Europe Debt Concern - The Bovespa stock index fell, capping its first monthly drop since August, as steelmakers slumped and concern mounted that Europe’s debt crisis will slow global growth
November 29, 2010 - Brazil Stocks Drop on Europe Debt Concern, Interest Rate Outlook - The Bovespa stock index fell for a third day as Ireland’s bailout failed to end speculation that Europe’s debt crisis will spread and as economists raised their estimates for higher interest rates next year.
November 25, 2010 - Bovespa Falls as Steelmaker Rout Overshadows October Jobless Rate Decline - Brazilian stocks fell for the third time this week as steelmakers tumbled on concern over competition from imports, overshadowing a drop in the unemployment rate.
November 24, 2010 - Brazil’s Bovespa Rises Most in Two Months on Bank Appointment - Brazil’s Bovespa stock index gained the most in more than two months on optimism the new central bank chief will further contain inflation and as consumer confidence rose to a record.
November 23, 2010 - Bovespa Futures Drop on European Debt, North Korea Shelling - Bovespa stock-index futures fell as North Korea fired artillery shells into South Korea and concern escalated that Europe’s debt crisis will spread.
November 22, 2010 - Bovespa Drops Most in a Month on Europe Debt, China Curbs - Brazilian stocks fell, pushing the Bovespa index to the biggest drop in a month, on concern Ireland’s banking crisis and Chinese steps to curb growth will hurt demand for exports.
November 22, 2010 - Bond Tax Arbitrage Exposed as Itau Turns to Overseas Market: Brazil Credit - Itau Unibanco Holding SA’s first overseas Brazilian real-denominated bond sale in more than three years is highlighting the cost advantage of borrowing abroad versus issuing debt locally.
November 19, 2010 - Bovespa Gains as Bank Rally Overshadows Canceled Karoon Sale - The Bovespa stock index gained for a third day, capping a weekly advance, as Brazil’s largest banks rallied, overshadowing Australian gas explorer Karoon Gas Australia Ltd.’s canceled share sale.
November 18, 2010 - Bovespa Index Futures Gain on Commodity Rise; Vale Advances - Bovespa stock-index futures gained, indicating the gauge may advance for a second day, as a rally in commodity prices bolstered earnings prospects for raw material exporters.
November 17, 2010 - Brazil Stocks Gain on Easing Inflation Concern, Gafisa Profits - Brazilian shares gained, rebounding from the Bovespa index’s biggest fall in almost a month, after the central bank signaled less concern over inflation and homebuilders’ earnings beat estimates.
November 16, 2010 - Bovespa Index Slumps for Fifth Day on China, Brazil Interest Rate Concern - The Bovespa stock index fell the most in almost a month on speculation quickening inflation will prompt policy makers to raise interest rates in nations from Brazil to China.
November 15, 2010 - Republic Day Holiday
November 12, 2010 - Brazil's Real Completes Weekly Drop on Rousseff Intervention Speculation - Brazil’s real completed its biggest weekly drop since June as investors speculated the government may take additional measures to stem the currency’s rise.
November 11, 2010 - Real Weakens for Fifth Day as Mantega Threatens Further Currency Measures - Brazil’s currency weakened for a fifth day against the dollar as Finance Minister Guido Mantega reiterated the government may take further steps to slow its advance.
November 11, 2010 - Bovespa Stock Index Declines as Third-Quarter Earnings Miss Estimates - The Bovespa stock index declined for a third day, the longest losing streak since August, after Brazilian companies’ earnings fell short of estimates.
November 10, 2010 - Bovespa Stock Index Falls for Second Day as Builders, Small Banks Decline - The Bovespa stock index fell for a second day as real-estate companies tumbled on concern borrowing costs will rise more than previously estimated, overshadowing a rally in phone companies and steelmakers.
November 10, 2010 - Bovespa Stock Index Falls as Inflation Jump Overshadows Commodities Rally - The Bovespa stock index fell the most in three weeks, led by homebuilders and banks, on concern quickening inflation will spur the central bank to raise borrowing costs.
November 9, 2010 - Brazilian Consumer Prices Rose Most in 8 Months in October on Food Costs - Brazilian consumer prices rose more than expected in October to an eight-month high as rising food costs continue to pressure consumer prices.
November 9, 2010 - Rousseff Losing Traders' Confidence as Long-Term Rates Jump: Brazil Credit - Dilma Rousseff has deepened bond traders’ inflation concerns in her first eight days as president-elect of Brazil, futures trading shows.
November 8, 2010 - Bovespa Gains as Steelmaker Rally Overshadows Concern Inflation May Jump - Brazil’s Bovespa stock index gained, extending the biggest weekly increase in a month, as steelmakers rallied, overshadowing concern the central bank may fail to contain inflation next year.
November 8, 2010 - Brazilian Bovespa Stock Index Futures Fall as Commodity Prices Decline - Brazil’s Bovespa stock-index futures fell, indicating the measure may drop for a second day, as declines in commodity prices dimmed the outlook for producers.
November 8, 2010 - Brazil Interest Rate Yields Fall on Speculation Rousseff to Seek Selic Cut - Yields on Brazilian interest-rate futures declined for the first time in a week and the real weakened on speculation President-elect Dilma Rousseff will pressure the central bank to lower borrowing costs next year.
November 5, 2010 - Bovespa Stock Index Falls After Gerdau Earnings Miss Estimates - Brazil’s Bovespa stock index fell for the first time in five days, led by steelmakers, after Gerdau SA reported third-quarter profit that missed analysts’ estimates following a surge in raw materials costs
November 4, 2010 - Bovespa Index Advances as Commodities Surge on Federal Reserve Purchases - Brazil’s Bovespa index rose for a fourth day, climbing within 0.8 percent of a record, as oil and metals prices surged on speculation the Federal Reserve’s stimulus will bolster demand for raw-materials exports.
November 4, 2010 - Brazilian Credit Rating May Rise on Rousseff's Fiscal Policy, Fitch Says - Brazil’s credit rating may rise from the lowest investment-grade level if President-elect Dilma Rousseff exercises “fiscal restraint” after she takes office Jan. 1, Fitch Ratings said.
November 4, 2010 - Brazil Industry Output Unexpectedly Shrank in September on Strong Currency - Brazil’s industrial output unexpectedly fell in September as the currency in Latin America’s biggest economy strengthened to near a two-year high.
November 3, 2010 - Bovespa Stocks Advance on Fed Stimulus Plans, Embraer Buy Recommendation - Brazilian stocks advanced for a third day as Empresa Brasileira de Aeronautica SA jumped and the U.S. Federal Reserve said it will purchase $600 billion of Treasuries through June to boost economic growth.
November 3, 2010 - Brazil's Rousseff Charts Plans for Presidency - Dilma Rousseff on Monday began the tricky task of assembling a government to carry out her mandate to continue the policy mix of market-friendly economics and generous social programs that have made her leftist Workers Party so popular.
November 1, 2010 - Brazil Interest-Rate Futures Yields Fall as Rousseff Vows to Curb Spending - Yields on Brazil’s interest-rate futures contracts fell to a one-week low as Dilma Rousseff vowed to cap spending after being elected the country’s next president.
November 1, 2010 - Bovespa Advances on Rousseff's Election Victory, Rise in Commodity Price - Brazil’s Bovespa stock index rose the most in almost a week as traders reduced bets for higher interest rates after President-elect Dilma Rousseff vowed to restrain spending following yesterday’s victory.
November 1, 2010 - Rousseff Vows to Eradicate Brazil Poverty Without Overspending - Dilma Rousseff said her main goal is to eradicate poverty in Brazil while maintaining a lid on spending after being elected the country’s first female president.
October 31, 2010 - Rousseff Poised to Lead as Brazil Votes - From the moment their political paths crossed, Dilma Rousseff began solving problems for President Luiz Inácio Lula da Silva. In late 2002, shortly before taking office, Mr. da Silva convened an urgent meeting of experts, including Ms. Rousseff, a little-known energy secretary from a southern state. Brazil was facing blackouts and rationing in one of the worst energy crises in its history, and Mr. da Silva needed answers .Confident and outspoken, “She arrived with a laptop and would press the little buttons all the time while telling me, ‘No, Mr. President, it’s not like that, it’s like this,’ ” Mr. da Silva recalled in a recent speech. Three hours later, he said, he was convinced he had his new Minister of Energy and Mines.
October 29, 2010 - Bovespa Index Futures Fluctuate as Metals Slide, Petrobras Gains - Bovespa stock-index futures fluctuated from gains to losses as metals prices fell, offsetting a gain for Petroleo Brasileiro SA on speculation an offshore oil field may hold up to 16 billion barrels of crude.
October 29, 2010 - Brazil's Real Interest Rates May Drop to 2% by 2014, Barbosa Tells Valor - Brazil’s benchmark interest rate adjusted for inflation may drop to 2 percent from about 6 percent currently should the next government deliver a budget surplus before interest payments of 3.3 percent of gross domestic product, Valor Economico reported, citing estimates by Economic Policy Secretary Nelson Barbosa.
October 28, 2010 - Bovespa Stock Index Retreats as Card Processors Tumble on Redecard Profit - Brazil’s Bovespa stock index retreated for a second day, erasing an earlier advance, as Vale SA fell and credit-card processors sank after Redecard SA reported earnings that missed analysts’ estimates.
October 27, 2010 - Real Sliding Versus Won, Yen as Foreigners Cut Bullish Bets: Brazil Credit - Brazil’s real is falling against all major currencies this month for the first time since January, a sign Finance Minister Guido Mantega’s tax increase on foreigners is succeeding in slowing investment in the debt market.
October 27, 2010 - Bovespa Stock Index Drops as Banks Fall; Banco Bradesco Leads Declines - The Bovespa stock index dropped as state-controlled companies fell on presidential election speculation and Banco Bradesco SA reported profits that missed analysts’ estimates, sending financial stocks lower.
October 26, 2010 - Bovespa Stock Index Climbs Most in Six Weeks on Petrobras, Bank Lending - The Bovespa stock index gained the most in six weeks as Petroleo Brasileiro SA surged after oil prices pared a decline and an expansion in bank lending bolstered economic growth prospects.
October 26, 2010 - Lula Saps Bond Market as Trading Shrivels on Tax Increase: Brazil Credit - Trading in Brazil’s longest-maturity bonds is drying up after President Luiz Inacio Lula da Silva tripled a tax on foreigners’ purchases of local debt.
October 25, 2010 - Bovespa Stocks Advance on Federal Reserve Loosening Prospects; Real Gains - Brazil’s Bovespa stock-index futures advanced, indicating the gauge may pare its first weekly decline since August, as investors speculated the Federal Reserve may announce further measures to bolster the economic recovery.
October 25, 2010 - Pensioners From Chile to Colombia Buy Overseas Real Bonds: Brazil Credit - When bankers at Deutsche Bank AG and Barclays Plc were piecing together orders last week for Brazil’s first real-linked international bond sale in three years, they discovered a new source of demand: Latin American pension funds
October 22, 2010 - Brazilian Stocks Decline, Capping the First Weekly Loss Since August - Most Brazilian stocks fell on concern higher interest rates in China and uncertainty in global currency markets may curb economic growth, offsetting a rally for steelmakers.
October 22, 2010 - Brazil Backs South American Alliance to Negotiate Grain, Oilseed Exports - Brazil is seeking a partnership with Argentina and other South American producers of grains and oilseeds to deal jointly with buyers in Asia and elsewhere, according to Brazilian Agriculture Minister Wagner Rossi.
October 21, 2010 - Bovespa Stock Index Retreats to Three-Week Low on Oil Drop, Rate Prospects - Brazil’s Bovespa stock index fell to its lowest level in three weeks after commodity prices tumbled and traders bet record low unemployment will prompt policy makers to cool the economy by raising borrowing costs.
October 21, 2010 - Brazil to Leave Rates Unchanged on Bet Lula's Successor Will Curb Spending - Brazil’s central bank, which left borrowing costs unchanged yesterday, may keep its benchmark interest rate at its current level until at least March as it waits to see whether the country’s next president will restrain public spending to contain inflation.
October 21, 2010 - Brazil Ends Loophole on Higher Tax for Futures Trades by Foreign Investors - Brazil’s government closed a loophole on a recently raised tax on foreigners’ investments in the country’s derivatives market. The new rules ban Brazilian financial institutions, including banks and brokerages, from renting, lending or swapping assets to foreigners seeking to invest in the futures market, the Monetary Council said in a statement last night.
October 20, 2010 - Bovespa Stock-Index Increases on Interest-Rate Bets; Real Strengthens -The Bovespa stock index gained on speculation Brazilian policy makers will leave interest rates unchanged and U.S. central bankers will pledge to support the economic recovery.
October 20, 2010 - Mantega Quashes Serra-Driven Bond Rally With Tax Increase: Brazil Credit - Brazil’s longest-maturity fixed-rate bonds are tumbling the most on record this week as a tax increase on foreigners squelches a surge in demand sparked by opposition candidate Jose Serra’s advance in presidential polls.
October 20, 2010 - Brazil's Mid-Month Inflation Doubled in October on Jump in Food Prices - Brazil’s inflation rate through mid- October doubled from the previous month, led by a 1.7 percent jump in food prices.
October 19, 2010 - Bovespa Stock Index Retreats on Increased Inflow Tax, China Rate Concern - The Bovespa stock index fell the most in 16 weeks on concern rising borrowing costs in China will hurt demand for commodities while Brazil’s attempts to curb currency gains will scare off foreign investors.
October 19, 2010 - Brazil Steps Up Action in `Currency War,' Seeks Cease-fire - Brazil’s real dropped the most in two weeks after Finance Minister Guido Mantega raised taxes on foreign inflows for the second time this month to prevent appreciation and protect exports from what he called a global “currency war.”
October 18, 2010 - Bovespa Stock-Index Drops on Outlook for Rising Interest Rates; Real Slips - The Bovespa stock index fell for the first time in six days on concern prospects for higher borrowing costs make the longest stretch of weekly gains in 17 months excessive relative to the outlook for earnings.
October 18, 2010 - Lula's Tax on Foreigners Fuels Rally in Overseas Real Bonds: Brazil Credit - Brazil may sell real-linked bonds in the international market for the first time in three years as a tax increase on foreigners’ purchases in the local debt market shifts demand overseas.
October 15, 2010 - Americas markets wrap: Stocks fall after Bernanke speech - Latin American markets moved mostly lower on Friday after US Fed chief Ben Bernanke said more monetary stimulus may be necessary to battle high unemployment and the prospect of deflation in one of Latin America’s lead trading partners. Brazil pared losses to close slightly higher.
October 15, 2010 - Lula Rival's Surge in Polls Sparks Bond Rally as Vote Nears: Brazil Credit - A surge by opposition candidate Jose Serra in presidential election polls is sparking the biggest rally in Brazilian bonds in two months.
October 14, 2010 - Most Brazil Stocks Fall as Tax Increase Concern Overshadows Retail Sales - Most Brazilian stocks fell as speculation the government will expand a tax on foreign asset purchases overshadowed a jump in retail sales.
October 14, 2010 - Tam Bonds Falter as Bet on Lan Support Becomes `Overplayed': Brazil Credit - Bonds issued by Tam SA, Brazil’s second-biggest airline, are lagging behind a debt rally as traders pare bets that Chile’s Lan Airlines SA will guarantee the company’s liabilities.
October 13, 2010 - Brazil's Bovespa Rises to Highest Since June 2008 as Builders, Banks Gain - Brazil’s Bovespa stock index rallied, reaching its highest level since June 2008, as homebuilders, banks and airlines advanced and investors speculated economic growth is accelerating in China.
October 12, 2010 - Bovespa Stock-Index Increases as Fed Bets Overshadow Inflation Forecast - The Bovespa stock index rose for a second day on speculation the Federal Reserve will take further measures to stimulate growth for the second-biggest buyer of Brazil’s exports, overshadowing higher inflation forecasts.
October 11, 2010 - Bovespa Stock-Index Increases as Fed Bets Overshadow Inflation Forecast - The Bovespa stock index rose for a second day on speculation the Federal Reserve will take further measures to stimulate growth for the second-biggest buyer of Brazil’s exports, overshadowing higher inflation forecasts.
October 11, 2010 - Brazilian Economists Raise 2011 Inflation Forecast to 4.98%, Up From 4.92% - Brazil’s consumer prices will rise this year and next more than analysts previously expected, according to a central bank survey, adding to pressure for policy makers to resume interest rate increases early next year.
October 11, 2010 - Petrobras Bondholders Gain at Shareholders' Expense in Sale: Brazil Credit - Bonds issued by Petroleo Brasileiro SA are outperforming Brazilian corporate and government securities on speculation last month’s record $70 billion stock offering will allow the company to limit its debt sales. The state-run oil producer’s dollar bonds due in 2019 returned 2.9 percent since the Sept. 23 share sale, topping the 2.1 percent gain on Brazilian corporate notes and 2.5 percent advance in government securities
October 10, 2010 - Brazilian Real Headed for the Longest Winning Streak Since 2004 on Inflows - Brazil’s real is headed to its eighth straight weekly gain, its longest winning streak in six years, as a tax increase on foreigners’ purchases of fixed-income assets failed to slow investment in the country.
October 8, 2010 - Brazil's Bovespa Rises for Longest Weekly Rally in 11 Months; Real Gains - Brazilian stocks rose for the sixth straight week, the longest streak in 11 months, on speculation the Federal Reserve will buy more debt to stimulate U.S. growth and China’s debt rating will rise, boosting the economic outlook for Brazil’s two biggest trade partners.
October 8, 2010 - Mantega's `Currency War' Backfires as Real Volatility Jumps: Brazil Credit - Brazilian Finance Minister Guido Mantega pledged Sept. 27 that he would take measures to curb the real’s volatility and limit its gains in response to a global “currency war.”
October 7, 2010 - Bovespa Falls for Second Straight Day on Metal Price Concern; Real Drops - Brazil’s Bovespa stock index dropped for a second day, led by metals and oil producers, as commodity prices declined and Deutsche Bank AG said lower domestic steel prices may crimp earnings for producers.
October 7, 2010 - First-Time Borrowers Grow as `Scarce' Returns Fuel Demand: Brazil Credit - International bond offerings by first-time Brazilian issuers are picking up as investors seek higher-yielding securities after companies sold a record $10.6 billion of debt last month
October 6, 2010 - Bovespa Stock Index Falls for First Time in Eight Days on U.S. Payroll Cut - Brazil’s Bovespa fell for the first time in eight days after Petroleo Brasileiro SA tumbled and a report in the U.S. showed payrolls unexpectedly declined, spurring concern over the global economic recovery.
October 5, 2010 - Brazilian Stocks Gain Most in 2 Weeks as Mantega Limits Tax; Real Advances - Brazil’s Bovespa stock index gained for a seventh day on easing concern the government will tighten capital controls on stocks after doubling taxes for foreign purchases of fixed-income investments. The real rose to a two- year high.
October 5, 2010 - Mantega Tax Rise to Spark Bond Rout for JPMorgan, Barclays: Brazil Credit - Brazil’s attempt to end the currency’s 28 percent ascent since October 2008 is prompting JPMorgan Chase & Co. and Barclays Capital to predict the biggest tumble in benchmark real-denominated bonds in 21 months. Benchmark notes due in 2017 will sink, sending yields up as much as 40 basis points, the most since January 2009, to 12.19 percent after Finance Minister Guido Mantega doubled the tax yesterday on foreign purchases of fixed-income securities
October 4, 2010 - Bovespa Rises a Sixth Day, Led by Homebuilders, After Election - The Bovespa rose for a sixth day, with homebuilders leading the equity index’s longest winning streak in two months, one day after Brazil’s first round of presidential elections.
October 4, 2010 - Brazil Raises Tax on Foreign Fixed-Income Investments - Brazil doubled a tax it charges foreigners on investment in fixed-income securities in a bid to stem gains in the real, which reached its strongest in more than two years last week
October 4, 2010 - Development Lending May Give Lula Successor More Inflation: Brazil Credit - Brazil’s state development bank is charging the least relative to the country’s benchmark interest rate in 18 months, a sign President Luiz Inacio Lula da Silva’s successor may struggle to keep inflation in check. The difference between the central bank’s 10.75 percent overnight Selic and the government lender’s long-term rate that monetary authorities agreed last week to keep at 6 percent grew to 475 basis points from 275 in March, as policy makers boosted borrowing costs to contain price increases. The gap is the largest since March 2009 when it was at 500 basis points.
October 4, 2010 - Sinopec Group Pays `Very High' Premium for Brazil Oil Reserves - China Petrochemical Corp. is paying a 76 percent premium to take a stake in Repsol YPF SA’s Brazilian unit as the world’s biggest energy user switches its hunt for oil reserves to Latin America from Africa.
October 1, 2010 - Mantega's Real `War' Causes Bond Market Pain as Yields Jump: Brazil Credit - Brazilian Finance Minister Guido Mantega’s bid to stem gains in the real is hurting him in the bond market. The yield on Brazil’s 10 percent securities due in 2021 surged 27 basis points this week, the biggest jump in four months, after Mantega said he may raise taxes on foreigners’ fixed-income investments to limit the supply of dollars in the currency market, according to data compiled by Bloomberg.
October 1, 2010 - Rousseff's Election Pledges May Lift Brazilian Rates Next Year - Dilma Rousseff’s pledge to rebuild Brazil’s roads, ports, railways and power grid means Latin America’s biggest economy may be stuck for years with some of the world’s highest interest rates, and taxes that might hinder growth. The 62-year-old former Marxist guerrilla, who leads other presidential candidates in polls ahead of this weekend’s vote, carried the banner of big government as cabinet chief in President Luiz Inacio Lula da Silva’s administration. A failure to curb the growth in public spending and credit she has championed may stifle private investment by keeping the country’s real interest rate around 6 percent,
September 30, 2010 - Brazil's Bovespa Stock Index Records Biggest Quarterly Gain in a Year - Brazil’s Bovespa stock index posted its biggest quarterly gain in a year. The gauge rose 14 percent since June 30, the most since the quarter ended September 2009.
September 30, 2010 - Brazil Central Bank Sees 2011 CPI Rising at 4.6% in Reference Scenario - Brazilian consumer prices will rise 5.0 percent in 2010 and 4.6 percent in 2011, according to the central bank’s reference scenario, published today in the bank’s quarterly inflation report posted on its website.
September 30, 2010 - Rousseff Is Lula to Bond Market as Rally Biggest Since '02: Brazil Credit - Brazilian bonds are posting their longest streak of monthly gains since President Luiz Inacio Lula da Silva was elected in October 2002 as investors bet his successor will preserve policies that are fuelling the fastest economic expansion in two decades. Dollar-denominated bonds sold by the South American country have returned 2 percent in September, the eighth straight monthly advance, according to JPMorgan Chase & Co. Brazilian debt is outperforming emerging-market bonds, which are up 1.8 percent, according to JPMorgan’s EMBI+ index.
September 29, 2010 - Brazil Upgraded to ‘Overweight;’ Mexico ‘Neutral’ at JPMorgan - Brazilian stocks were upgraded to “overweight” at JPMorgan Chase & Co., which said the market is “attractively valued” and has “positive and improving” fundamentals growth and “manageable risk.”
September 28, 2010 - Bovespa Advances for Second Day to Highest Since April as Steelmakers Rise - Brazil’s Bovespa stock index advanced for a second day as steelmakers rallied after a sale of iron-ore assets and Petroleo Brasileiro SA gained.
September 27, 2010 - Brazil's Bovespa Advances, Extending Four-Week Rally, on China Profits - The Bovespa stock index rose to the highest level since April as an increase in Chinese industrial profits boosted the outlook for economic growth in Brazil’s largest trade partner. Vale SA, the iron-ore producer whose biggest export market is China, jumped to the highest price in five months. Homebuilder Gafisa SA, Brazil’s second-biggest homebuilder by revenue, rose the most in eight weeks after Valor Economico reported that billionaire Eike Batista is considering purchasing real-estate companies. Cosan SA Industria e Comercio, which shares control of the world’s biggest sugar-cane processor, gained for the first time in a week as sugar prices climbed.
September 27, 2010 - Real Volatility Easing Surprises Barclays as Election Nears: Brazil Credit - Swings in the Brazilian real are declining to a two-year low ahead of presidential elections as the central bank steps up dollar purchases to offset a surge in investment in the country’s stock and fixed-income markets.
September 27, 2010 - Brazil's Analysts Raise 2010, 12-Month Inflation Forecasts to 5.15%, 5.05% - Brazil’s 12-month inflation will quicken to 5.15 percent, compared with a week-earlier forecast of 5.12 percent, according to the median forecast in a September 24 central bank survey of about 100 economists published today.
September 24, 2010 - Brazilian Stocks Drop as Steelmakers Decline, Petrobras Drops After Sale - Brazil’s Bovespa stock index sank, paring a fourth week of gains, after Petroleo Brasileiro SA dropped and Bank of America Corp. said steel prices will likely fall in the country..
September 23, 2010 - Brazilian Stocks Increase as Credit, Job Growth Bolster Economic Outlook - Brazilian stocks gained for a second day, erasing this year’s decline, as Petroleo Brasileiro SA surged and investors speculate credit growth and job creation will keep consumer demand growing.
September 23, 2010 - Sao Paulo Retail Boom Fuels Record Property Bond Offerings: Brazil Credit - Sales of securities backed by Brazilian real estate assets are surging to a record as homebuilders and mall owners expand amid the fastest economic growth in two decades.
September 22, 2010 - Brazil’s Bovespa Rises to Seven-Week High, Led by Homebuilders - Brazil’s Bovespa stock index rose to the highest level in seven weeks as record credit and consumer confidence boosted the outlook for property firms, while rising commodities prices lifted producers.
September 21, 2010 - Brazil Stocks Advance as Goldman Sachs Predicts Climb to Record This Year - Brazil’s Bovespa stock index gained the most in a week after Goldman Sachs Group Inc. said the measure will rally to a record this year and economists increased forecasts for economic growth.