Shares of Brazilian stocks are trading higher in sympathy with US markets following May PPI data. Brazilian stocks are also higher amid reports of hedge funds buying in.
Portfolio Pulse from Benzinga Newsdesk
Brazilian stocks are trading higher in sympathy with US markets after May PPI data release. Hedge funds buying in also contributed to the rise.
June 14, 2023 | 5:16 pm
News sentiment analysis
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POSITIVE IMPACT
GOL shares are trading higher in line with Brazilian stocks, which are positively impacted by US markets and hedge funds buying in.
GOL is a Brazilian stock, and the overall positive sentiment in the Brazilian market due to US market performance and hedge funds buying in is likely to have a positive impact on GOL shares.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
PBR shares are trading higher in line with Brazilian stocks, which are positively impacted by US markets and hedge funds buying in.
PBR is a Brazilian stock, and the overall positive sentiment in the Brazilian market due to US market performance and hedge funds buying in is likely to have a positive impact on PBR shares.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
RIO shares are trading higher in line with Brazilian stocks, which are positively impacted by US markets and hedge funds buying in.
RIO is a Brazilian stock, and the overall positive sentiment in the Brazilian market due to US market performance and hedge funds buying in is likely to have a positive impact on RIO shares.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SID shares are trading higher in line with Brazilian stocks, which are positively impacted by US markets and hedge funds buying in.
SID is a Brazilian stock, and the overall positive sentiment in the Brazilian market due to US market performance and hedge funds buying in is likely to have a positive impact on SID shares.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
VALE shares are trading higher in line with Brazilian stocks, which are positively impacted by US markets and hedge funds buying in.
VALE is a Brazilian stock, and the overall positive sentiment in the Brazilian market due to US market performance and hedge funds buying in is likely to have a positive impact on VALE shares.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80