Tuesday, April 07, 2009

Brazil Stock Market Reaches 6-Month High

SAO PAULO, April 7 (Reuters) - Brazil's stocks edged higher today led by real estate companies and ethanol producers, while the national currency weakened as a sell-off in U.S. markets and in Europe weighed on demand for riskier emerging market assets.

The Bovespa Index (.BVSP) of the Sao Paulo stock exchange firmed 0.6% to 44,432.11, clawing back to positive territory after dropping 1.3% in early trading.

MP: Brazil's Bovespa Index is now at a 6-month high, the highest level since early October.


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