Brazil Stocks Close at a Record High

(Bloomberg) — Brazil’s equity benchmark Ibovespa index closed above the 100,000 mark for the first time on record as dovish signals from the Federal Reserve added support to global asset prices, and potentially signaling increased odds for rate cuts in Brazil.

The index rose 0.9% to 100,303 on Wednesday, pushing gains this year to 14%.

By Vinicius Andrade via Yahoo Finance

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