The Brazilian stock market rose more than 2% on Monday, November 9, reclaiming the 172,000-point mark. The Ibovespa, the stock market index, rose 2.22% to close at 172,236.05 points, its biggest daily gain since October 5.
Shares of banks and consumer-related companies led the gains, followed by mining companies. In contrast, shares of Petrobras, the most traded on the stock exchange, fell as oil prices declined. The commercial exchange rate for the dollar slipped 0.06% to R$5.5058, remaining nearly flat.
In New York, the main indexes also rose, supported by a recovery in technology and semiconductor stocks and a drop in oil prices. Oil lost value after US President Donald Trump said further American attacks on Iran were highly unlikely if negotiations to end the conflict move forward. Brent crude fell 5.85% to US$92.57 a barrel.
