Macroeconomy/Finance

Pandemic pressures markets and Ibovespa drops almost 8% after circuit breaker

The declaration of the coronavirus pandemic by the World Health Organization (WHO) solidified the negative scenario for global and domestic assets. The circuit breaker mechanism was activated at B3 after the Ibovespa reached a 10.11% drop. On the return, the index deepened the fall to more than 12%. At the close, it fell 7.64%, to 85,171 points. The dollar closed up 1.65% to R$ 4.7215.

Source: Valor

Categories: Macroeconomy/Finance