Ibovespa rises 2.44% after Vale results

The Ibovespa advanced 2.44% on Wednesday, July 22, to 177,500 points, driven by positive data from Vale and WEG.

The gain was led by Vale, whose shares rose nearly 4% after its second-quarter production and sales report exceeded expectations. WEG opened earnings season with net profit of 1.56 billion reais in the quarter, lifting its shares more than 10%.

Banks such as Bradesco and Banco do Brasil also closed higher, while the dollar fell to 5.05 reais. Oil traded near 95 dollars per barrel, supporting the Brazilian currency's resilience.

Analysts warn of volatility from Alphabet and Tesla earnings due tonight, plus this year's elections that are expected to affect domestic risk premiums.

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Wall Street market closing higher with tech sector gains illustrated realistically.
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Wall street closes higher led by tech sector

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Wall Street markets closed higher on May 13, led by gains in the technology sector ahead of the US-China meeting.

The Ibovespa fell 1.52% on Friday, July 24, closing at 174,000 points. The dollar rose slightly to 5.08 reais.

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The Ibovespa ended Monday's session, the 29th, nearly unchanged with a 0.05% drop to 173,205.35 points in a session marked by reduced volume due to the Brazilian national team match.

Argentine assets came under pressure on Friday, May 15, as country risk rose 2.5 percent to 538 basis points. The S&P Merval fell 1.4 percent in pesos and most ADRs closed in the red.

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The U.S. stock market moved closer to records on Tuesday as major indexes rose amid mixed oil prices and ongoing talks to end the war with Iran.

Seoul shares ended more than 6 percent higher Wednesday, led by technology stocks, even as tensions in the Middle East persisted. Softer-than-expected U.S. inflation data helped lift sentiment.

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