Showing posts with label Brazil Market. Show all posts
Showing posts with label Brazil Market. Show all posts

June 9, 2011

Brazil stocks fall ahead of expected rate hike

Brazilian stocks fell Wednesday afternoon, ahead of a likely decision by the central bank to raise the country’s benchmark interest rate.

Brazil’s equities and currency had also come under pressure during the session following the resignation late Tuesday of an influential top aide to Brazilian President Dilma Rousseff.