Ibovespa operates in expressive drop in B3

At 12:38 pm (Brasília time), this Friday (29), the Ibovespa on the Brazilian Stock Exchange (B3) recorded losses of 1.52% and was quoted at 117,074 points. The indicator loses strength in this session, reflecting market fears about the future of the global economy with the slow vaccination process amid the continuous spread of the coronavirus and its mutations, causing a return of restrictive social measures. In Brazil, yesterday (28), 1,439 deaths from the disease were recorded within 24 hours, the third highest number since the beginning of the pandemic in the country, in March. Attention also to the signs of continuity of emergency aid and its consequences for public spending. The Minister of Economy, Paulo Guedes, participates today, at 1:15 pm, in the World Economic Forum (FEM), which takes place virtually. The technical movements of profit realization, devaluation of more than 4% in the shares of EcoRodovias and SID Nacional also had repercussions. 

This text was translated by machine from Brazilian Portuguese.