Macroeconomy/Finance

B3 drops 12% due to global uncertainty

On a panic day in the global financial market, the dollar approached R$4.80, even with the Brazilian Central Bank selling the currency of international reserves. The Brazilian stock exchange, B3, fell 12%, reaching business interrupted during the morning, the so-called circuit breaker. The Ibovespa index closed the day with a decline of 12.17%, at 86,067 points, returning to the levels of December 2018.

Source: Agencia Brasil

Categories: Macroeconomy/Finance