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São Paulo stock exchange index falls 1.11% on the back-and-forth of reforms (August 12)

RIO DE JANEIRO, BRAZIL - The São Paulo stock exchange fell by 1.11% on Thursday, amid the back-and-forth of the reforms in the Brazilian Congress and the misgivings generated by the fiscal strategy of the government of the ultra-right-wing president Jair Bolsonaro among financial agents.

The Ibovespa index, the reference of the trading floor, closed at 120,700 points and continued its third consecutive fall in a week marked by caution due to Brazil's political and fiscal tensions.

Economic operators fear a worsening of the public deficit with the new social aid program proposed . . .

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