Wednesday, 19 June 2019

São Paulo Stock Exchange, the B3, rises 0.9% and reaches 100,303 points; Natura (NATU3) leads high

Shortly after Fed Chairman Jerome Powell announced that he would keep interest rates in the US between 2.25% and 2.5% a year, the Ibovespa returned to reach 100,000 points today (19.June.2019) in Brazil. 

The commercial dollar, in turn, fell 0.25% today and reached R$ 3.85 in the sale. It was the second low followed by the currency and the lowest since April 10 (R$ 3,824) in 2019.

The shares of Natura (NATU3), a cosmetics company, rose 5.3% and led the highs in the Ibovespa today, after news that the cosmetics manufacturer got in court right to a tax benefit.

Natura obtained in the Federal Regional Court (TRF) of the 3rd Region, in São Paulo, the right to exclude up to 60% of its expenses from income tax and Social Contribution on Net Income (CSLL). technological research and development of technological innovation.

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