Brazilian Stocks Decrease 0.3% in Early Trading

Dow Jones07-29

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Brazil slipped during early trading Wednesday, as the Bovespa Index declined 0.3% to 176072.09.

Among local companies with a market cap of at least 50 billion Brazilian reais ($9.75 billion), Banco Santander Brasil is the biggest early laggard, plunging 6.9%, followed by shares of B3 Brasil Bolsa Balcao, which dropped 2.1%. Shares of Banco Bradesco Ord dropped 1.9%.

Petroleo Brasileiro Ord is the biggest leader this morning, rising 2.3%, and Vale S.A. Ord gained 0.4%. Ambev S.A. Ord rounds out the top three movers, as shares climbed 0.4%.

On the currency front, the WSJ Dollar Index was flat at 97.56. The dollar weakened 0.1% against the real to 5.13 reais.

In the bond markets, the 10-year Brazilian government bond yield fell 1.3 basis points to 6.587%.

Data source: Dow Jones Market Data, FactSet

 

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