Brazilian Markets Tumble as Inflation Concerns and Global Pressures Mount

The Brazilian stock market faced a challenging day on Wednesday, October 9, 2024. The Ibovespa index plummeted 1.18%, shedding 1,549.67 points to close at 129,962.06. This marked the lowest level since August 8, 2024, when it closed at 128,660.88 points. The Brazilian real also weakened against the dollar. The commercial dollar rose 1.00% to R$5.58, […]