São Paulo – The announcement made by the United States that it could increase the tariffs on Chinese products drove up the dollar 2.2% this Wednesday (11), with the North American currency reaching BRL 3.881. In the last two trade days, the dollar had gone down 3.5%.
Ibovespa, the main index of the São Paulo Stock Exchange, was also impacted by the trade tensions between the United States and China, and declined 0.62% to 74,398 points.
The shares of large companies also devalued, with Petrobras’ shares going down 1.97%, Vale’s declining 1.11% and Bradesco’s dropping 0.29%.
Translated by Sérgio Kakitani
PUBLICIDADE
