Today’s historic gain represents recent growth in Brazilian stocks and its currency as investors have turned towards emerging markets, according to Reuters.
Yesterday Brazilian President Luiz Inacio Lula da Silva praised his country’s rapid economic growth though he noted that inflation needed to be curbed:
“We have to control inflation by all means,” Lula said. “We managed to combine the inflation control with economic growth, and created new jobs.”
Image- Bloomberg (Floor of the Sao Paulo Sock Exchange)
Sources- Bloomberg, Reuters, Reuters
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