Three reasons for Brazil’s Ibovespa’s highest weekly rise in 10 months

Stocks in shopping malls, oil and the financial sector were among the week's highest climbers, as the Ibovespa rose in contrast to New York.

RIO DE JANEIRO, BRAZIL - After months of losses and negative news, Ibovespa closed the week with a 4.1% appreciation, its best performance in 10 months.

It was once again a divergent movement from Wall Street, but this time for the better, as the indices in New York fell during the period amidst lower than expected indicators in the economy and banks.

On Friday, January 14, the shares of the banking sector and Petrobras were the main drivers for the Ibovespa, which rose 1.33%, to 106,927.79 points. This is the highest level in almost a month, since . . .

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