It should be noted that in the case of Petrobras The company’s shares are coming off the worst drop in a month in São Paulo, after the Brazilian government appointed Caio Mario Paes de Andrade to replace José Mauro Ferreira Coelho as CEO.
For its part, Wall Street managed to break a very long streak of weekly losses. This Friday was the first of the last eight weeks that the Dow Jones managed to close with gains, and seven for the Nasdaq and the S&P 500.
“After seven consecutive weeks in decline, Buyers finally appeared and US stock markets closed their best week since November 2020. So today the S&P 500 posted a rise of 2.47%, accumulating a gain of 6.58% in the week. The Nasdaq 100, for its part, climbed 3.33% today and rose 6.84% this week,” said Grupo SBS.
For his part, Gustavo Ber, maintained that “after the technical rebound that Wall Street has been rehearsing in the last few rounds, as a relief-rally after the strong falls that have accumulated, Traders were excited by the end of the losing streak of recent weeks in the main indiceseven though it is recognized that the rebound could be fragile in the face of the challenging economic scenario”.
Source: Ambito
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