Anxiety surrounding new reports on Chinese inflation upset Global markets as many considered the threat of a hike in Chinese interest rates. The Brazilian stocks closed with minor losses as worries over interest rates were negated somewhat by optimistic domestic growth reports.
Should a rate hike occur in China, demand for raw materials and other major market assets would lower.
The benchmark Ibovespa stocks index slipped 0.1 percent to 69,884 points on the BM&FBovespa exchange. Trading volume for Thursday came to 5.85 billion Brazilian reals or $3.3 billion USD, roughly average for the exhange.
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