Brazil’s Ibovespa Drops 1.23% as Fiscal Concerns Grow

On November 1, 2024, Brazil’s financial markets faced a challenging day. The Ibovespa index dropped to 128,120.75 points, marking a 1.23% decline. This fall reflected growing concerns about the country’s fiscal situation. Investors seemed to ignore positive trends in New York markets. The Brazilian real also weakened against the US dollar. The American currency closed […]