No menu items!

Brazilian stock market falls sharply and dollar rises on fears that PT party will change law on state-owned enterprises

The Ibovespa, the main index of the B3 (São Paulo Stock Exchange), fell 3.39% this Monday alone (Dec. 12) amid rumors of changes or repeal of the Law of State Owned Enterprises.

At 12.30 pm, it was down 2.62%, at 108,830 points. The commercial dollar, in turn, rose 1.78%, at R$ 5.34.

The index reached 103,877 points at the minimum of the day.

Ibovespa is trading against the leading markets in the United States. This is the lowest level since August 2022. The Dow Jones was up 0.52%. The S& . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content