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

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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