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Brazilian Markets Waver as Political Moves Shake Petrobras and Interest Rate Outlook

Summary by The Rio Times
The Ibovespa, Brazil’s main stock index, edged down 0.04% on December 4, closing at 126,087 points. This slight dip reflected investor concerns over potential leadership changes at Petrobras. It also stemmed from Finance Minister Fernando Haddad’s defense of the government’s fiscal measures. Meanwhile, the Brazilian real strengthened slightly, with the dollar closing at R$6.0457 (-0.21%). […]
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