Brazil stocks bring in 2020 at all-time high

Brazil stocks jumped 2% on Thursday to begin 2020 scaling new highs. Iron ore miner Vale was one of the major drivers on Sao Paulo’s commodity-heavy Bovespa index, while the biggest boost came from financial exchange operator B3, which rose nearly 5% after announcing reduced and simplified trading fees. Brazil’s real, however, reversed early gains and lagged regional peers against a strong dollar.

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Source: Reuters