RIO DE JANEIRO, BRAZIL - The São Paulo stock exchange recovered some of the ground lost last week, when it plummeted 7.3% due to doubts about the Brazilian government's fiscal policy, by gaining 2.28% on Monday, boosted by the state-owned oil company Petrobras.
The Ibovespa, the benchmark of the trading floor, closed at 108,714 points in a positive session for Petrobras and other flagships of the São Paulo corridor, such as the mining giant Vale and the bank Itaú.
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here