B3 closes down this Tuesday (18). The Ibovespa fell 0.29%, to 114,977 points. At its lowest point, it reached 113,421 points. At its highest point, it was 115,309 points.
The main index of the Brazilian stock exchange closes in decline and follows the worsening of international markets. After Apple warned that it will not reach its targets due to the coronavirus outbreak in China. Which kept one of the largest iPhone factories in the world closed.
The stock market has accumulated a rise of 1.07% in the partial month. However, it has registered a fall of 0.58% in the year.
Dollar hits new closing record, hitting R$ 4.35 again.
Analysis
Fears over the spread of the coronavirus have once again raised alarms among financial players on Tuesday, after Apple announced that it will not be able to meet its revenue targets for the period between January and March, precisely due to the impact of the coronavirus outbreak. Apple shares fell on Tuesday at the opening of Wall Street.
While factories in China have reopened, they are resuming activity at a slower pace than expected, the company said.
“There is still uncertainty about the global economic impact of the coronavirus outbreak, as well as how long it will take for the Chinese government to control the epidemic. There is progress, but everyone is still very cautious about the matter,” said BTG Pactual.
Considering the local scenario, the market is also evaluating the GDP Monitor released earlier by the Getulio Vargas Foundation (FGV). It showed that the Brazilian economy was at a standstill in December and grew 1.2% last year. It is the third consecutive year of expansion, but it is still far from returning to the level it was at before the crisis. On March 4, the official GDP data will be released by the Brazilian Institute of Geography and Statistics (IBGE).