Back

LatinNews Daily - 08 July 2020

In brief: Stock exchange falls in Brazil after Bolsonaro’s Covid-19 diagnosis

* 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.

End of preview - This article contains approximately 122 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.