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© Reuters. The Sao Paulo stock market closes in the red after the rate hike in the US
Sao Paulo, Nov 3 (.) .- Sao Paul , until reaching 116,896 points.
On a volatile day and after Wednesday’s holiday, the stock market broke its positive streak and followed the tendency of the main international squares after the US Federal Reserve (FED) announced a rise in types of 75 basic points.
Investors also followed today at the local stage after the Brazilian elections last Sunday, which resulted in the victory of President Luiz Inacio Lula da Silva for a narrow margin in front of the president Jair Bolsonaro.
The teams of Lula and Bolsonaro began the transition this Thursday with a view to the inauguration of the progressive leader on January 1.
In the Paulista Corro, the papers that raised the most during the day were the ordinary ones of the Meliuz coupon company, which climbed 7.32 %.
The increase of 0.47 % of the preferential papers of the state oil company Petrobras (NYSE :), which were also the most negotiated of the session waiting for the dissemination of quarterly results.
The titles that lost the most, for their part, were the ordinary ones of the producer of ethanol and Sao Martinho, which fell by 4.28%.
The common shares of the Vale mining company, one of the main producers and exporters of iron in the world, also closed in red, which fell 2.92%.
During the day, 33,097 million reais (about 6,465 million dollars) were traded, the product of 4,773,074 financial transactions.
In the exchange market, the dollar showed 0.04 % compared to the Real and was negotiated at 5,120 reais for purchase and 5,121 reais for sale in the commercial exchange rate.
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