Oil Companies And Mining Companies Led The Stock Price Increases In Brazil



October 13th, 2009 | File Under : Companies - Mining Stock - Trade & Market

mining-stock-marketBrazilian stock futures gained as the U.S. dollar’s decline spurred demand for commodities, sending Vale SA and Petroleo Brasileiro SA higher.

Petrobras, as Brazil’s state-controlled oil company is known, added 0.4 percent in U.S.-trading as crude advanced above $74 a barrel. Vale SA, the world’s biggest iron ore miner, gained as metal prices rose.

Brazil Stocks Rise On Investor Optimism, Two Mining Companies (Pterobas and Vale) Heavily-Weighted Stocks Index



October 6th, 2009 | File Under : Mining Stock - Trade & Market

Brazil’s stocks rose on Monday, extending the previous trading session’s gains when Rio de Janeiro won the bid to host the 2016 Olympics, while investors also piled in to higher-yielding currencies.

Brazil’s benchmark Bovespa index .BVSP added 0.53 percent to 61,495.74 in early trading, on track to notch a second day of gains.

The index rallied on Friday after Rio’s Olympic bid victory boosted development prospects in Latin America’s biggest economy.