Brazil’s Ibovespa closes up 1.26%; dollar drops to R$5.46; market reflects on higher commodities and Lula’s statements

The index once again took off from the New York Stock Exchange; Ibovespa has climbed over 3% in the year.

RIO DE JANEIRO, BRAZIL - The Ibovespa not only registered a second consecutive upward day, but also took off once again from foreign indexes and returned to the 108,000 point level.

The Brazilian stock market index found a favorable environment for its performance, with the dollar and interest rates dropping sharply throughout the day. At the close, the Ibovespa climbed 1.26%, to 108,013 points. The session's financial volume stood at R$29.9 (US$5.5) billion.

Once again, the appreciation of commodities helped the performance of the Brazilian Stock Exchange. Commodities companies have great weight in . . .

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