RIO DE JANEIRO, Dec. 13 (Xinhua) -- Brazil's Sao Paulo Stock Exchange registered on Friday record-high figures on main indicator Ibovespa, which reached 112,564 points.
The figures were up 0.33 percent from Thursday, when the Ibovespa surpassed 122,000 points for the first time in history. The indicator has been registering several record-high levels in recent months; this week, the Ibovespa accumulated a rise of 1.24 percent, with a total increase of 28 percent for 2019 so far.
The rise was attributed to the announcement of a phase-one economic and trade agreement between China and United States. By the terms of the agreement, the U.S. will gradually reduce additional tarrifs imposed on Chinese products, while China will increase imports of some U.S. products.
On the domestic front, the Central Bank's Economic Activity Index (IBC-Br) was up 0.17 percent in October. The indicator is considered a preview of official GDP figures.
In addition, earlier this week, credit rating agency Standard and Poor's changed the outlook of Brazil's sovereign ratings from stable to positive.
According to the agency, the rating may be upgraded over the next few years, depending on improvements in Brazil's fiscal situation. S&P also changed the rating of 30 Brazilian organizations and corporations from stable to positive this week.
