RIO DE JANEIRO, BRAZIL - The Ibovespa index registered its 7th consecutive high on Friday, June 4, surpassing the 130,000-point mark. Thus, the index posted gains of 3.63% in the week, marked by the continued commodities rally, which mainly benefits the shares of blue chips Petrobras (PETR3; PETR4) and Vale (VALE3) and the better-than-expected performance of Brazilian GDP (Gross Domestic Product) in the first quarter.
On Tuesday, June 1, the IBGE (Brazilian Institute of Geography and Statistics) announced that the Brazilian economy grew 1.2% over the preceding quarter and 1% in relation to the first . . .