Vale’s impressive dividend, IOF tax hike and other factors moving Brazil’s financial markets

In Brazil, investors should reflect the increase in the IOF tax, decreed the day before by President Jair Bolsonaro. The change, which should generate an additional collection of R$12.14 billion will be in effect until the end of the year.

RIO DE JANEIRO, BRAZIL - The international market starts this Friday, 17, without a defined direction. In the United States, the future indexes operate with slight losses, while Europe's stock markets rise for the second day in a row, with investors reflecting inflation data.

Released early this morning, the consumer price index came out almost in line with expectations in the Euro Zone, advancing from 2.2% to 3% accumulated over 12 months.

In Brazil, investors should reflect theSubscribe to our Premium Membership Plan. Already Subscribed?