At 09:54 JST, getting to know the BRICs from an overview, the Russian stock market slightly dropped as weak economic indicators again sparked disgust. The Brazilian Bovespa Index closed at 134537.63, up 1.04% or 1386.33 points from the previous day, marking the 3rd consecutive day of gains for the Brazilian stock market. The intraday trading range was between 133,169.04 and 135,240.61.
Initially led by buying, the market saw an expansion in gains, ending in the high range. The early anticipation of a US rate cut was well received, leading to continued buying. Additionally, Chinese authorities unveiled economic stimulus measures… [1019 chars]
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