Brazil ignores U.S. tariff threats as market focuses on Middle East peace talks
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Investors ignored the U.S. tariff threats against Brazil and continued to place hopes on diplomatic progress in the Middle East. The MSCI Latin America stock index rose by 0.6%, while the corresponding currency index increased by 0.4%. Brazilian assets shrugged off the U.S. threat to impose a 25% tariff on numerous imports from the largest economy in Latin America. Brazil’s benchmark stock index climbed 1.4%, and the real is set to achieve its fourth consecutive trading day of gains against the U.S. dollar. Expand
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