Reuters logo
STXNEWS LATAM-Brazil stocks rebound on ECB policy talk
July 25, 2012 / 1:24 PM / 5 years ago

STXNEWS LATAM-Brazil stocks rebound on ECB policy talk

Brazilian stocks snapped a three-day slide early on Wednesday after ECB policymaker Ewald Nowotny offered cautious backing to the idea of giving Europe’s new permanent rescue fund a banking license. Such a move would enable it to borrow unlimited central bank money, boosting its capacity to prevent the crisis from spreading.

Among stocks rising in Sao Paulo were shares of state-controlled oil company Petrobras and mining giant Vale.

The benchmark Bovespa stock index rose 1.07 percent to 53,201.30 shortly after opening.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below