BrazilBrazil

Stocks fall to two-month low on global recession fears

  Fact-checking   Autentic   DMCA   Report






For another day, the financial market lived a day of tensions amid the threat of global recession. The stock fell to the lowest level in two months. The dollar alternated highs and lows, but closed stable after two strong highs in a row.

The B3 Ibovespa index closed this Tuesday (27th) at 108,376 points, down 0.68%. Falling for the third time in a row, the indicator reached the lowest level since August 5th.

The stock market even opened higher, but reversed the movement after statements by members of the Federal Reserve (Fed, US Central Bank). This Tuesday, directors of the agency indicated that the monetary authority of the United States will continue aggressive in raising interest rates, even with the possibility of recession in the largest economy on the planet.

The statements also affected the foreign exchange market. The commercial dollar closed this Tuesday sold at R$ 5.377, with a decline of only 0.09%. The price started the day down, reaching R$ 5.29 in the first minutes of trading, but returned to operate close to stability, alternating small increases and small drops, after the opening of foreign markets.

The high interest rates in Brazil helped to hold back the pressure on the dollar, which yesterday reached its highest value since July 22nd. However, the Brazilian financial market was once again influenced by the outside world.

US stocks closed with mixed performance. The Dow Jones Industrial Companies Index fell 0.43%. The S&P 500, of the largest companies, fell 0.21% and closed at the lowest level since November 2020. The Nasdaq, of technology companies, went against the grain and rose 0.25%.

In Europe, the pound sterling, which yesterday had fallen to the lowest level in nearly 40 years, partially recovered against the dollar today. However, the explosions in the gas pipelines linking Russia and Germany have raised fears of a further escalation in the Ukraine war.

*With information from Reuters

Translated to english by RJ983

From Brazil, by EBC News

  Fact-checking   Autentic   DMCA   Report






Show More

CMIO

Support Independent Journalism in Brazil - headquarters Rio de Janeiro. Replicates and elaborates knowledge and matters of public utility. Please, donate. > Donate to CMIO.org

Related Articles

Adblock Detected.

Desative seu AdBlock para poder acessar o conteúdo gratuito. Disable your AdBlock.