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Why Vale Stock Is Advancing Today

NEW YORK (TheStreet) -- Shares of Vale (VALE) are increasing 6.84% to $5.47 in early-afternoon trading on Tuesday as Brazil-based stocks rally on higher prices for commodity exports, given expectations for further monetary stimulus.

"There are still many uncertainties regarding the timing of the rebound, but investors have been encouraged lately by the outlook for sales abroad," Paulo Figueiredo, an economist at FN Capital, told Bloomberg. "Exporters should support the country's gross domestic...


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