INSUBCONTINENT EXCLUSIVE:
The Brazilian stock market began December on a downward trajectory, driven by banking sector challenges and ongoing fiscal concerns
On Monday, the Ibovespa index fell by 0.34%, closing at 125,235.54 points.Meanwhile, the dollar reached a new nominal record against the
inception.Domestically, investors are reacting to proposed public spending cuts
Economic projections are also shifting
predict it will reach 12.63% in 2025 and 10.50% in 2026
Despite worsening fiscal conditions, the projection for this year remains at an annual rate of 11.75%.Brazilian Stocks Falter as Dollar
higher interest rates could persist longer in Brazil
Braskem also saw significant gains after announcing potential leadership changes under new CEO Roberto Ramos.Conversely, Azul and LWSA led
LWSA continued its downward trend after Citi downgraded its recommendation from buy to neutral/high risk.Heavyweights like Vale benefited
from positive iron ore performance in China, with prices rising 1.26% to $111.28 on the Dalian Commodity Exchange.Petrobras also ended
slightly higher despite stable oil prices
However, banks collectively fell, with Bradesco dropping nearly 2%
In contrast, United States markets set new intraday records supported by technology stocks boosted by Cyber Monday sales.Investors are
York indices were as follows: S-P 500 rose by 0.24% to 6,047.15 points; Dow Jones fell by 0.29% to 44,782 points; Nasdaq increased by 0.97%
to a record high of 19,403.95 points.
