Brazilian Stocks Increase 0.6% in Early Trading

Dow Jones08-05

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

Stocks in Brazil rose during early trading Wednesday, as the Bovespa Index gained 0.6% to 178954.71.

Among local companies with a market cap of at least 50 billion Brazilian reais ($9.75 billion), Banco Santander Brasil is the biggest leader this morning, adding 2.9%, and Itau Unibanco Holding Ord increased 1.7%. Itausa Ord rounds out the top three movers, as shares rose 1.4%.

Vale S.A. Ord is the biggest early laggard, slipping 0.8%, followed by shares of Telefonica Brasil Ord, which slipped 0.6%. Shares of BB Seguridade Part slipped 0.4%.

On the currency front, the WSJ Dollar Index fell 0.1% to 96.03. The dollar weakened 0.4% against the real to 5.13 reais.

In the bond markets, the 10-year Brazilian government bond yield declined 1.3 basis points to 6.485%.

Data source: Dow Jones Market Data, FactSet

 

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