Brazilian Market Tumbles as Central Bank Raises Interest Rates

The Brazilian stock market experienced a significant downturn on Thursday, December 12, 2024, as investors reacted to the Central Bank’s decision to increase interest rates. The Ibovespa, Brazil’s main stock index, plummeted by 2.74%, closing at 126,042.21 points. This sharp decline ended a streak of gains and wiped out over 3,000 points from the index. […]