• Categories
  • Archives

Brazilian Booming Stock Market Gives 15% Return in January

For the second day in a row, Brazilian stocks closed this Tuesday, January 31, at a record high. Foreign investors in search of better returns than those offered by the United States and the European Union have been flocking to Brazilian shores.

Brazil’s most important stock exchange, the Bovespa (Bolsa de Valores do Estado de São Paulo) ended up 0.37% higher at 38,382.

Despite the intervention of the Brazilian Central Bank to weaken Brazil’s currency, by buying dollars, the real kept going up, closing at 2.215 to the dollar. Just in January the real has gained more than 4% in value.

The good performance of the Bovespa, which saw four record highs in a little more than a week, meant a 15% gain in this first month of 2006. Things haven’t been that good since February 2004.

Bonds

Brazil’s National Treasury sold 300 million euros (US$ 360 million) in Republican bonds on the international market. The bonds are due in 2015.

The proceeds will be incorporated into Brazil’s international reserves on Friday, February 3. With this new issue, the total amount of outstanding Republican bonds rose to 800 million euros.

In January, 2005, the government issued 500 million euros worth of these bonds.

In Monday’s (January 30) operation, the annual interest rate investors will receive is 5.448%. The issue was underwritten by the Dresdener Bank AG London Branch and Barclay Capital Inc.

ABr

Tags:

  • Show Comments (1)

  • Guest

    yep Ive been racking in the cash since I invested at the beginning of December last year.

    Ive made nearly 7,000 reais on a 30,000 reais investment.

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Octavio Frias de Oliveira, Folha de S. Paulo publisher

Publisher of Brazil’s Most Important Newspaper Dies at 94

The Brazilian government has decreed a three-day mourning period for the death of Octavio ...

Brazil Recognizes There’s Still a Long Way to Include Indians in Society

The executive secretary of Brazil’s Ministry of Justice, Luiz Paulo Barreto, participated, Tuesday, March ...

Brazil’s Piracy Costs US Economy Close to US$ 1 Billion a Year, Says Group

The American group Defenders of Property Rights (DPR) today, March 16, announced that it ...

Record Day in Brazil Brought by Dollar Inflow

Brazilian shares rose to record numbers, today, tracking gains in the U.S. market on a ...

Investors Buoyed Up by Brazil’s Good News

Brazilian shares went up, November 30, as a pullback in oil prices, weakness in ...

So Far This Year Brazil Has Exported US$ 122 Bi and Imported US$ 105 Bi

Brazil's trade balance of trade (exports minus imports) recorded a surplus of US$ 1.66 ...

2.3 Million Tons to 150 Countries. Brazil Is Still Beef Leader.

Despite the problems involving hoof and mouth disease, Brazilian beef retained first place in ...

Brazil Intent on Spreading Ethanol and Hybrid Cars Throughout C.A.

A concrete result of the Brazil-Cental American and Caribbean Integration System (SICA) summit in ...

LETTERS

There is a renewed interest in medicinal plants all over the world. The World ...

Brazil’s Lula Wishes to Integrate Latin America and the Caribbean

The President of Brazil, Luiz Inácio Lula da Silva, extended an invitation to Latinamerican ...