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Brazil’s Ibovespa has lowest closing this year with greater than expected PEC fiscal impact

RIO DE JANEIRO, BRAZIL - Ibovespa closed down 0.89% at 102,122 points. The traded volume in the day reached R$26 billion. It was the index's lowest closing since November 6 last year.

Ibovespa had come from a difficult week and seemed to be recovering part of its losses in past sessions, rising over 1% on Monday, November 22. The Stock Exchange was advancing at the 104,000 points level, but reversed with fears over the country's fiscal situation and not only suffered another bearish day, but also had its worst closing in over a year.

The . . .

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