Seeking Alpha "Buy Low, Buy Brazil"
31/05/12 16:03 Filed in: Seeking Alpha | Brazil
Brazilian stocks took a tumble this past Thursday and equities pushed toward their third consecutive loss. The Ibovespa Index (BVSP) fell 1.8%, bringing it to a loss of 14% this month. It is not at its lowest level since October. In addition, Vale S.A. (NYSE: VALE), Petrobas (NYSE: PBR), and Banco Santander Brasil S.A. (NYSE: BSBR) experienced declines. Vale fell by 1.1%, Petrobas fell by 2.2%, and Banco Santander fell by 7%. This was Banco Santander's first loss in five sessions. In addition to stocks declining, the Real pared losses against the U.S. dollar.
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