Canada Markets closed

Vale S.A. (VALE)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
16.72+0.50 (+3.08%)
At close: 04:00PM EDT
Full screen
Loading interactive chart...
  • Reuters

    EMERGING MARKETS-Latam stocks jump over 2%, Brazil real leads currency gains

    * Latam currencies up 0.8%, stocks rise 2.5% * U.S. dollar falls, boosting riskier currencies * Vale leads gains on Brazil's Bovespa as iron prices surge (Adds comments, updates prices throughout) By Bansari Mayur Kamdar May 23 (Reuters) - Latin American stocks rose over 2% on Monday as risk sentiment improved globally and firm metal prices boosted the commodity-heavy indexes, while currencies rose against a weaker dollar. "We still have a dynamic where some of the Latam countries could benefit more than their emerging market peers just because they are better placed in this commodity rally and some of the central banks are a little more ahead of the curve," said Rachel Ziemba, founder at Ziemba Insights. The U.S. dollar index fell 0.8%, supporting riskier currencies, while an improvement in sentiment around China as Shanghai started edging out of lockdown also reassured investors.

  • Reuters

    EMERGING MARKETS-Brazilian real leads Latam FX higher; stocks jump 2%

    * Latam currencies up 1.1%, stocks rise 2.4% * U.S. dollar falls, boosting riskier currencies * Mexican peso up ahead of GDP, inflation data this week * Vale leads gains on Brazil's Bovespa as iron prices surge By Bansari Mayur Kamdar May 23 (Reuters) - Latin American stocks rose over 2% on Monday as risk sentiment improved globally and firm metal prices boosted the commodity-heavy indexes, while currencies rose on a weaker dollar. "We still have a dynamic where some of the Latam countries could benefit more than their emerging market peers just because they are better placed in this commodity rally and some of the central banks are a little more ahead of the curve," said Rachel Ziemba, founder at Ziemba Insights. The U.S. dollar index fell 0.7%, supporting riskier currencies, while an improvement in sentiment around China as Shanghai started edging out of lockdown also reassured investors.

  • Bloomberg

    BHP Still Sees Room to Negotiate With Samarco’s Creditors

    (Bloomberg) -- BHP Group is willing to protect its joint venture in Samarco Mineracao SA, saying it sees room to negotiate with financial creditors in the Brazil miner’s debt restructuring.Most Read from BloombergOne of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache OvernightChina in Talks With Russia to Buy Oil for Strategic ReservesApple Shows AR/VR Headset to Board in Sign of Progress on Key Project Target and Walmart’s Deep Pain Could Be Your GainWalmart Flashes a Warn