BUSINESSTHE RIO TIMES
Brazil’s Stock Market Ends Flat as a Rate Cut Meets Global Caution
Brazil's Ibovespa stock index closed flat at 168,277.55 on June 18 after an initial rise from the Selic rate cut to 14.25% was offset by global market caution and profit-taking. The rate reduction initially boosted shares but failed to sustain gains amid international uncertainty.
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