Brazilian shares eased up on encouraging manufacturing data

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Brazilian stocks ended Monday's session on the positive note amid optimism over Spanish bailout and encouraging news from the US manufacturing sector. Positive data from national economy also boosted market sentiment. Brazilian manufacturing activity index moved close to 50 level that separates contraction form expansion. Five out of nine sectors included in the index advanced. The top-gainers were basic materials and industrials. Metalurgica Gerdau and Cia Siderurgica Nacional jumped 0.57% and 1.39% while LLX Logistica and Embraer gained 1.71% and 0.14%. On the upside was also Gol Linhas Aereas Inteligentes, soaring 10.63% on speculation that the airline will report a stake sale to the rival. Financials moved lower on persistent concerns that profits may drop after the government pushed lower bank spreads.


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