Ibovespa Hits Lowest Level Since November 2023 as Vale Drags Down Market

The Brazilian stock market continued its downward trend on the second trading day of the year. According to Infomoney, the Ibovespa index closed at 118,532.68 points, marking a 1.33% decline. This drop pushed the index to its lowest level since November 2023. The market’s poor performance stemmed from several factors. A weakening iron ore market […]