In this year of 2020, the Ibovespa drop is already over 15%. Investors around the world remain concerned about the impact of the coronavirus outbreak.
This Friday (6), in the face of yet another day of tension in foreign markets, and concerns about the effectiveness of measures such as interest rate cuts to shield economies from the impacts of the coronavirus outbreak. The B3, the main index of the Brazilian stock exchange, operated in a significant fall, reaching minimum levels that had not occurred since August last year.
The reference index of the Brazilian stock market, the Ibovespa, fell 4.14%, to 97,996.77 points. It is the lowest closing level since August 27 (97,276 points). The financial volume in the trading session was again strong and totaled 39.9 billion reais.
The day before, the Brazilian stock market had a drop of 4.65%, at 102,233 points. Totaling in the week drop of 5,95%. In the year, the decline already adds up to 15,28%. On the day, the US dollar retreated 0.36%, quoted at R$ 4.6343.
Until the 4th of March, foreign investors withdrew R$ 44.8 billion from the Brazilian stock exchange. So far this year, the value exceeds the R$ 44.5 billion that came out in the whole of last year. Where they were a record for a closed year of the entire historical series released by B3, since its creation in 2004.
"As the cases of coronavirus in the world continue to grow and put in 'check' the ability of the main global economies to react to the outbreak, the fear of a global recession grows", wrote the team of the Rico brokerage.
Oil price drops more than 5%
The main stock exchanges in Europe fell by more than 3% this Friday and the price of a barrel of oil fell by 5%. Shortly after rumors surfaced that Russia would not support OPEC's call for extra production cuts, according to Reuters.
