São Paulo – The São Paulo Stock Exchange’s main index, the Ibovespa, ended this Friday (21st) down 1.99% at 45,719 points. According to information from Reuters, the dollar rose 1.05% and ended the day at R$ 3.946. In the month, Bovespa registered losses of 10.12%.
Among the reasons for the Bovespa’s fall are the political tension in Brasília and the slowdown of the Chinese economy. In the case of China, the drop in economic activity in the country impacts Brazil directly, since it’s a large exporter of commodities to the Asian partner. The fear in relation to China dropped the markets in Europe and the United States.
*Translated by Sérgio Kakitani