Bovespa tem pior resultado semanal dos últimos 9 anos

The Ibovespa rose 1.15%, to 104,171 points. Ending the week with a drop of 8,37%. The worst performance since 2011.

B3, the main index of the Brazilian stock exchange, closed higher this Friday (28), after two significant drops during the week, against the backdrop of the expansion of the coronavirus and fears about its impacts on the global economy. The dollar continued to rise for the eighth session in a row, closing the week at R$ 4.48. The Ibovespa rose 1.15%, to 104,171 points.

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As of Thursday, the stock had dropped 2,59%, to 102,983 points.

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bovespa fecha em alta mas tem pior desempenho semanal desde 2011

This week, the Ibovespa index accumulated losses of 8.37%. Configuring the worst result since the week that ended on August 5, 2011, according to Economatica.

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In the year, the Ibovespa accumulated a fall of 9.92% and, in the month, the decline reached 8.43%. And during this Friday, the index had losses of more than 2% and only reversed direction in the late afternoon.

coronavirus and economy

With the advance of the coronavirus and the shocks suffered in the markets, the concerns of investors and global governments have increased. Concerns about corporate profits, supply chains, and the downturn of the global economy.

Jerome Powell, chairman of the Federal Reserve, the central bank of the United States, said that the US economy remains in sound condition. According to him, while the coronavirus outbreak poses a risk, the central bank will act appropriately to provide support.

Europe's stock market recorded its worst week since 2008 and racked up a total loss of US1TP3Q1.5 trillion from the effects of the coronavirus. In China, stock indices ended the worst month since May 2019.

In addition to China, the coronavirus has spread to more than 40 countries, causing the closure of factories and shops, interruption of production and the stoppage of activities also in countries such as Japan, South Korea and Italy.

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