Brazil Ibovespa fluctuated but closed up 0.58%; Stock Exchange rose 2.6% in the week

The index was able to detach from the New York Stock Exchanges, which closed down with the prospect of higher interest rates.

RIO DE JANEIRO, BRAZIL - The Ibovespa fluctuated between losses and gains until the last minute of trading and closed Friday up. The Brazilian Stock Exchange index, which rose over 2% in the morning and neared 107,000 points, followed the New York indexes and traded in negative territory twice.

In the United States, the Stock Exchanges plummeted with the prospect of stimulus withdrawal and interest rate hikes, at a time when labor market data is disappointing.

"The Brazilian stock market was already well behind the world average. In general, prices are good and we are in a buying zone. Foreign . . .

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