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After dropping nearly 25% the day before, Vale's shares rose slightly and helped the Brazilian market find positive ground. The actions of the minor, which reflect the dissolution of the Brumadinho Dam (MG), have suffered a movement of market badysts called correction, a slight change of signal after a strong or weak
Shares have won 0, 84% and closed at R $ 42.74, after having jumped more than 4% at the beginning of the trading session. The Ibovespa rose 0.20% and closed at 95,639 points.
On the New York Stock Exchange, Vale's stock market revenues increased by more than 2% after two trading days.
However, investors are aware of the news to guide their decisions about society. Market badysts have repeatedly said that the blockages and sanctions of the new tragedy would not affect the company's financial situation.
They point out, however, that volatility will persist as new information on the case emerges. , the stock exchanges have mostly worked on the positive despite the expectation of a new vote on the brexit in the United Kingdom as well as the conduct of trade disputes between the United States and China.
In New York, there is no clear trend for major indices [19659002] The dollar fell by more than 1% and badysts attributed this development to a flow of foreign investors in the country.
"There is an opportunism about Vale's role as a bargain hunter – foreign investors taking advantage of this moment of devaluation," said Corretora's Ricardo Gomes da Silva Filho.
Very busy Wednesday with the meeting of the members of the Federal Reserve for the second day of the monetary policy meeting. The authorities should pause the monetary tightening cycle and recognize that the world's largest economy is facing increasing risks.
The market is also cautiously awaiting the new round of US-China trade talks with vice-China press, Liu He, scheduled for Wednesday and Thursday
with Reuters
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