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Brazil Ibovespa down 6% in September, worst monthly result since March 2020

RIO DE JANEIRO, BRAZIL - In Brazil on Thursday, the Ibovespa stock index fell 0.11%, closing the month of September at 110,979 points. This is the third consecutive month the index has closed down. In the year-to-date, the index has slumped 6.75%.

The negative trend started in the very first sessions of September, with the index dropping 3.78% after the anti-democratic protests called by President Jair Bolsonaro on September 7. However, the main downward factors were foreign.

The Federal Reserve (Fed) indicated that it should begin the process known as tapering in November, which . . .

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