The bovespa falls again this Wednesday (11) and even had trading suspended in the afternoon, this is the second time this week, after retreating more than 10%.
The Ibovespa falls again this Wednesday (11). Even having the negotiations suspended during the afternoon. It is the second time this week that this “emergency stop” has been triggered, after the index retreated more than 10%.
The day was one of those seen under the growing shadow of the impact of the coronavirus epidemic on the global economy. With the worst scenario, the dollar rose and closed again above the level of R$ 4.70.
coronavirus
The World Health Organization (WHO), this Wednesday (11) declared the Covid-19 pandemic, a disease caused by the new coronavirus (Sars-Cov-2).
US stocks also plummeted this Wednesday and are already 20% below the record level. Oil prices retreated on concerns about oversupply.
The world market falls again:
- Brent crude oil barrel closed down 3.84%, US$ 35.79
- Barrel of WTI Oil closes down 4.01%, US$ 32.98
- Dollar closed at a high of 1.65%, at R$ 4.7215
- Bovespa closed down by 7.6%
- Petrobras shares closed down 9.23% (preferred)
- Vale shares closed down 10.15% (ordinary)
- NY Stock Exchange (Dow Jones) closed down by 5.86%
- The Frankfurt Stock Exchange: closed down by 0.35%
- And the Paris stock exchange: closed down by 0.57%
- London Stock Exchange: closed down by 1.40%
- Following this pattern, the Tokyo Stock Exchange: closed down by 2.27%
- And the Shanghai stock exchange: closed down by 0.94%
2020 started well, remember?
At the beginning of the year, the Stock Exchange encouraged investors. In January, the Ibovespa index, an average among companies whose shares are traded on the largest Brazilian market, the B3, surpassed 119,000 points, a historic record.
And in an environment with the lowest interest rates in Brazilian history, the Exchange attracted an unprecedented number of new investors. Since January 2019, the number has more than doubled and is now around 2 million Brazilians. This Monday (9), they faced an unexpected setback.
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