* Brazil’s São Paulo stock exchange (Bovespa) has interrupted four consecutive sessions of growth, falling 1.19% yesterday (7 July). The Ibovespa index closed the day at 97,761 points, one day after recording a four-month high. This dip was driven by a poor performance in the banking sector and came after President
Jair Bolsonaro confirmed that he had tested positive for the coronavirus (Covid-19). Ibovespa’s negative performance also reflected tumbles in international markets, as investors reacted with caution to the possibility of further lockdowns being implemented to contain the pandemic after surges in infections in parts of the US and Europe. Meanwhile, the Brazilian real fell 0.63% against the US dollar, closing the day at R$5.386/US$1.
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