Ibovespa Surpasses 126,000 Amid Spending Cuts

In Brazil, a blend of cautious optimism and strategic government action has lifted the Ibovespa, the nation’s benchmark stock index, to close at 126,163.98 points. This marks a modest gain of 0.40%, reflecting broader economic currents and governmental fiscal discipline. The government announced austerity measures totaling nearly R$26 billion, targeting mandatory spending reductions across several […]