Brazilian stocks gradually rise

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Source: Marketwatch
Brazilian stocks increased this Monday; the gains are helping to compensate the sharp decrease, which occurred last week and was the worst in the period of nine months. Brazil's Ibovespa appreciated by 3 per cent to the level of 56,169, as the consequence of positive tendency in steel, energy, finance and retail stocks. During the previous week the index has fallen from 68 by 8.3 per cent, being the biggest drop of the week since the beginning of August. The finance stocks in overall rose by 3 per cent; Banco Bradesco Bank has advanced by 6.4 per cent, Banco do Brasil has risen by 6.5 per cent, while Itaú Bank soared by 4.9 per cent.

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