Brazil’s Ibovespa follows “bad mood” abroad and has losses of 2.7%

The Ibovespa ended the day with losses of 2.73%, at 102,598.18 points, after touching 101,700 points in the intraday minimum. US dollar has a strong appreciation and closes quoted above R$5.11.

RIO DE JANEIRO, BRAZIL - The local market started the week strongly pressured by the external scenario. The Ibovespa fell close to 100,000 points, while the US dollar reached R$5.14 at the maximum of the day.

The increase in concerns about inflation in the USA pressured the Treasuries rates - with investors reinforcing bets that the Federal Reserve may be even tougher in its monetary policy decision this week - and brought down stock . . .

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