SAO PAULO (Reuters) – The main index of the Brazilian stock market advanced in the first trades on Tuesday, in a session of caution for stock futures in the United States, but with a firm rise of stocks in Europe.
The Central Bank starts its two-day monetary policy meeting this Tuesday, in which it should increase the Selic rate by 1.5 percentage points, to 10.75% per year. The market is also awaiting the start of the local swing season this week.
At 10:09, the Ibovespa rose 0.3% to 112,478.63 points.
(By Andre Romani)
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