Brazilian share prices fell sharply Friday after disappointing data in Brazil and the U.S. weighed heavily against a backdrop of slower Chinese growth and continuing economic depression in Europe.
The Ibovespa index fell to 53,402 points, 2% lower than its Thursday close of 54,490 points. The index traded in negative territory all day, mirroring major international markets, while trading volumes were moderate at BRL6.22 billion ($3 billion.)
Small Cap and Large Cap Push ADX Index Lower
The ADX General Index sustained its downward march and finished the session with a decline of 1.23 percent on Thursday 23rd May 2013 . The index dropped 43.02 points, closing at 3,460.36.
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WEF to focus on challenges
Leaders from the Middle East and North Africa in business, economics and politics will focus on the aftermath of the Arab Spring as they gather for the World Economic Forum in Jordan this weekend.
The Tadawul All-Share Index (TASI) reflecting an upward march throughout the week ended in the green territory at 7,363.13 poi
Dollar recovers from 2-week low vs yen, focus on Nikkei
The dollar recovered from two-week lows against the yen on Friday as a safety-bid for the Japanese currency ebbed after the Nikkei share average rebounded from the previous day's 7.3-percent plunge a