Ibovespa Edges Higher on Corporate Results and Low Unemployment
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The Ibovespa index rose to nearly 149,000, reaching a new intraday record, driven by positive corporate earnings and a low unemployment rate of 5.6%. Key performers included Vale, Azul, Irani, and Vulcabras, which all reported strong profits. However, Gerdau, Vivo, Multiplan, and Marcopolo experienced declines in their stock prices due to weaker-than-expected results. Overall, the market sentiment remains optimistic due to the favorable economic indicators.
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