Shares of US-listed Brazilian stocks are trading lower following Brazil's Central Bank decision.
Portfolio Pulse from Benzinga Newsdesk
US-listed Brazilian stocks are trading lower due to Brazil's Central Bank decision, affecting companies like ABEV, AZUL, BBD, BRF, GGB, and ITUB.
May 09, 2024 | 7:44 pm
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NEGATIVE IMPACT
ABEV's stock is trading lower following Brazil's Central Bank decision.
As a major Brazilian company listed in the US, ABEV is directly affected by economic and regulatory decisions in Brazil, leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
AZUL's shares are down in response to Brazil's Central Bank decision.
AZUL, being a significant player in the Brazilian market and listed in the US, is negatively impacted by the Central Bank's decision, affecting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BBD's stock price is negatively affected by the decision of Brazil's Central Bank.
As BBD operates extensively within Brazil and is listed in the US, the Central Bank's decision directly impacts its stock valuation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
BRF's shares trade lower following the decision by Brazil's Central Bank.
BRF, a key Brazilian company with US listings, is adversely affected by Brazil's Central Bank decision, leading to a decline in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GGB's stock is trading lower as a result of Brazil's Central Bank decision.
GGB, listed in the US and deeply rooted in the Brazilian economy, sees its stock price decrease following regulatory decisions by Brazil's Central Bank.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ITUB's stock price declines in response to Brazil's Central Bank decision.
ITUB, a major financial institution in Brazil listed in the US, is negatively impacted by the Central Bank's decision, leading to a drop in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80