Tuesday, October 14, 2008

Bovespa closing days of swings with a high of 1.81%

The Bolsa de Valores de Sao Paulo (Bovespa) had a day of many variations: after climbing nearly 7% at the start of business, alternated between high and low on the afternoon of Tuesday (14). 

The positive reaction came in the final hour of trading, when the exchange intensified the positive movement. The Ibovespa, the main indicator of the Sao Paulo stock exchange, rose 1.81%, to 41,569 points. 

On the exchange market, the dollar closed in fall of 2.42% and was traded to U.S. $ 2093. 

On Wall Street, 'heart' of the U.S. financial, operating in the markets fall. 

For the analyst's investment brokerage SLW, Pedro Galdo, the behavior of the Sao Paulo stock market was influenced in any bidding for the performance of international stock exchanges. 

The good result, however, does not mean that the turbulent times of financial market has ended. "The prices of paper are now inviting, but if you start stories of 'quebradeiras' in companies of consumption, low back," said Galdo to G1. 

He says the volume of U.S. $ 6.1 billion traded Tuesday this is a good sign. "It is a sign that the investor is back shopping," he said. 

Source: G1

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