Brazil

[Brazil] - Brazilian stock market responds to dollar fluctuations and ends trading session in decline

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The Ibovespa, the primary index of Brazil's Stock Exchange (B3), concluded its trading session on Tuesday, 13, with a 0.51% decrease, settling at 116 thousand points.
This outcome halts a streak of seven continuous rises.Investor apprehension contributed significantly to this negative shift in the stock market.The Central Bank (BC) is slated to meet next week to discuss the nation's interest rate policy.
Currently, the basic interest rate, or Selic, stands at 13.75%, a figure regarded as a key pillar underpinning the Real.Market operators anticipate that the rate will stay steady.Nonetheless, slowing inflation ..To read the full NEWS and much more, Subscribe to our Premium Membership Plan.
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Category: Brazil