Index rose to 4.85%, at 74,617 points. The day before, the stock market collapsed and closed at a fall of 13,92%.
Bovespa ended the session on a strong high, this Tuesday (17), after a significant drop the day before. B3 is the main index of the Brazilian stock exchange. The day before, business was interrupted as soon as it opened.
The bovespa index rose 4.85%, to 74,617 points. At the daily high, the stock market reached 77,254 points. While the dollar ends the session down by 1.1%, the R$ 5.0056.
In the previous session, the Ibovespa closed down by 13.92%, to 71,168 points. In the annual accumulated loss on the stock market reaches 38.46%.
USA
The movement of the São Paulo stock exchange followed the gains in the United States markets. In this, President Donald Trump announced new measures against the pandemic of coronavirus.
The government of Donald Trump, in the USA, announced the intention to send checks to citizens to alleviate the economic impacts of the pandemic. Treasury Secretary Steven Mnuchin said the administration is considering sending that money over the next two weeks.
While the Federal Reserve (United States central bank) has announced that it will return to buying short-term corporate debt to ease the credit markets.
"Governments are stepping up their response to the coronavirus outbreak, which is giving markets a chance to bounce back on Tuesday," analyst Jasper Lawler, head of research at London Capital Group, said in a note to clients, according to the report. Reuters.
Other countries
- This Tuesday (17), Japan's central bank made its biggest injection of funds in dollars since 2008. While the eight largest US banks said the night before that they will jointly access funds from the so-called "discount window" of the Federal Reserve .
- In the Philippines, the stock exchange closed indefinitely and currency and bond trading was suspended.
- The BC of Turkey anticipated and cut its main interest rate by 1 percentage point.
- France, Italy and Spain banned short selling.
