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Magalu shares surge 61% in September on Mercado Livre deal, rate cut; analysts flag risks
InfoMoney·BR·2 days ago
Brazil's Commerce Business Confidence Index fell from 101.3 to 100.0 in September, per CNC. The decline coincides with the end of the 'Blusinha Tax' (a tax incentive), suggesting a marginal cooling in retail sentiment. The index remains above the neutral 100 mark, indicating continued but softening optimism.