23-Sep-2009 12:00 PM

Embraer up 6% as Brazilian market rallies, Bombardier weighing production cuts

Analysis

Embraer climbed 6% yesterday, as Brazil's Bovespa index hit a 14-month high, on a improved credit guidance from Moody's and news that the country is beginning to rebuild depleted foreign currency reserves. The Brazilian Real also climbed yesterday, hitting a one-year high.

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Embraer up 6% as Brazilian market rallies, Bombardier weighing production cuts

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