No menu items!

Ibovespa closes with worst drop since March amid U.S. inflation concerns

RIO DE JANEIRO, BRAZIL -  Ibovespa stock index closed sharply down on Wednesday, with concerns over the behavior of U.S. inflation and its impact on the Federal Reserve's next steps.

A series of results also drew attention, with the end of the day reserved for another heavy agenda, including the figures for Suzano (SUZB3), Natura&Co (NATU3), Via Varejo (VVAR3) and MRV (MRVE3).

The benchmark Brazilian stock market index, Ibovespa fell 2.65%, to 119,710 points, the highest daily percentage slump since March 8, when it lost almost 4% after STF Justice Edson Fachin overturned all convictions . . .

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

Check out our other content