VALE WILL ANNOUNCE RESULT ON THRUSDAY; MARKET IS PESSIMISTIC

Vale will release its 3rd. quarter results on Thrusday (Oct 22) and the market is pessimistic about the data.

According to banks and broker heard by "Valor" newspaper, the company will announce a negative result of US$ 4.8 billion in the period, mainly cause by devaluation of real.

The analysts also expect that Vale will have negative results for Ebitda and sales.