Brazilian Stocks Inch Down for 2nd Session
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Brazil's Ibovespa index fell slightly for the second consecutive session, with banks like Bradesco and Banco do Brasil dropping between 0.5% and 1%. Despite gains in resource-linked stocks, overall losses were broad-based. The market anticipates the Brazilian central bank will maintain its key policy rate, limiting credit activity. Petrobras shares rose by 0.7% due to increasing crude oil prices, while Vale stocks gained over 0.5% after Capital World Investors raised its stake in the company to over 5%.
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