Itaú Unibanco pulls 3rd Ibovespa high one day after Selic falls to 2.25%

The Ibovespa closed higher for the third trading session followed on Thursday, with Itaú Unibanco’s shares among the biggest positive contributions, in addition to a further reduction in the basic interest rate, signalling yet another ‘residual’ cut ahead. The financial volume of the session totalled R$ 27.77 billion ($ 5.2 billion).

Source: Reuters