Bovespa tem pior resultado semanal dos últimos 9 anos

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The Ibovespa rose 1,15% to 104,171 points. It closed the week down 8,37%. Its worst performance since 2011.

B3, the main index of the Brazilian stock exchange, closed higher this Friday (28), after two significant falls during the week, in the scenario of the expansion of the coronavirus and fears about its impacts on the global economy. The dollar continued to rise, for the eighth consecutive session, closing the week at R$ 4.48. Ibovespa rose 1.15%, to 104,171 points.

On Thursday, the stock market had fallen 2,59%, to 102,983 points.

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bovespa fecha em alta mas tem pior desempenho semanal desde 2011

This week, the Ibovespa index accumulated losses of 8.37%, marking its worst result since the week ending August 5, 2011, according to Economatica.

For the year, the Ibovespa has accumulated a 9,92% drop, and for the month, the decline reaches 8,43%. And on Friday, the index suffered losses of more than 2% and only reversed direction late in the afternoon.

Coronavirus and the economy

With the spread of the coronavirus and the shocks it has suffered in markets, investors and global governments have become increasingly concerned about corporate profits, supply chains, and the slowdown of the global economy.

Federal Reserve Chairman Jerome Powell stated that the U.S. economy remains in solid condition. He said that while the coronavirus outbreak poses a risk, the central bank will act appropriately to provide support.

The European stock market recorded its worst week since 2008, accumulating a total loss of US$1.5 trillion due to the effects of the coronavirus. In China, stock indices ended their worst month since May 2019.

In addition to China, the coronavirus has spread to more than 40 countries, causing the closure of factories and businesses, interruption of production, and the suspension of activities in countries such as Japan, South Korea, and Italy.

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Bovespa closes higher, but has worst weekly result in the last 9 years

The Ibovespa rose 1,15% to 104,171 points. It closed the week down 8,37%. Its worst performance since 2011.

Coronavirus and the economy

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Bovespa closes higher, but has worst weekly result in the last 9 years

The Ibovespa rose 1,15% to 104,171 points. It closed the week down 8,37%. Its worst performance since 2011.

Coronavirus and the economy

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