Brazil: dollar and Ibovespa start the week down

Ibovespa, the main index of the Stock Exchange of Brazil (B3), had a performance below expectations on Monday, 24: a fall of 0.4% to 103,000 points.

The dollar also registered negative numbers and ended the first trading session of the week in a fall.

The stock market’s poor performance was caused by the fall in the price of shares in the mining sector.

This is because there was a decrease in the price of iron ore in China, which slowed down its demand for the product in the foreign market – yesterday, the commodity reached its lowest price in more than five months.

Ambev’s share price caused another blow to Ibovespa.

The Brazilian beverage company dropped almost 2% due to the disclosure of the financial results of one of its main competitors, Heineken, which advanced about 20% in Brazil.

The dollar even operated at a high in the morning. However, it ended Monday down 0.3%, quoted at R$5.04.

The US currency followed the performance of the stock markets in the United States.

Financial agents considered the dollar’s performance stable, despite the negative numbers.

• Ibovespa: 103,946.58 (-0.40%)
• S&P 500: 4.137,36 (+0,09%)
• Nasdaq: 12,037.20 (-0.29%)
• Dow Jones: 33,875.40 (+0.20%)
• Dollar: R$5.04 (-0.35%)
• Euro: R$5.56 (+0.37%)

With information from Revista Oeste