The Bovespa fell again this Wednesday (11) and trading was suspended during the afternoon, the second time this week, after falling more than 10%.
The Ibovespa falls again this Wednesday (11). Trading was even suspended during the afternoon. This is the second time this week that this “emergency stop” has been triggered, after the index fell more than 10%.
The day was yet another one seen under the growing shadow of the impact of the coronavirus epidemic on the global economy. With the worsening scenario, the dollar rose and closed again above the R$ 4.70 level.
Coronavirus
The World Health Organization (WHO), this Wednesday (11) declared the Covid-19 pandemic, a disease caused by the new coronavirus (Sars-Cov-2).
U.S. stock markets also plunged on Wednesday and are now 20% below the record high. Oil prices fell on concerns about oversupply.
The world market falls again:
- Brent crude oil closed down 3.84%, at US$ 35.79
- WTI oil barrel closed down 4.01%, at US$ 32.98
- Dollar closed up 1.65%, at R$ 4.7215
- Bovespa closed down 7.6%
- Petrobras shares closed down 9.23% (preferred shares)
- Vale shares closed down 10.15% (common shares)
- NYSE (Dow Jones) closed down 5.86%
- Frankfurt Stock Exchange: closed down 0.35%
- And the Paris stock exchange: closed down 0.57%
- London Stock Exchange: closed down 1.40%
- Following this pattern, the Tokyo Stock Exchange: closed down 2.27%
- And the Shanghai Stock Exchange: closed down 0.94%
2020 started well, do you remember?
At the beginning of the year, the Stock Exchange excited investors. In January, the Ibovespa index, an average of companies whose shares are traded on Brazil's largest market, B3, surpassed 119,000 points, a historic record.
And in an environment with the lowest interest rates in Brazilian history, the Stock Exchange attracted an unprecedented number of new investors. Since January 2019, the number has more than doubled and is now around 2 million Brazilians. This Monday (9), they faced an unexpected setback.
For more, access.