Ibovespa drops 0.28%, influenced by rising future interest rates
The Brazilian stock exchange index (Ibovespa) fell 0.28%, quoted at 129,992 points. The result was driven by the rise in future interest rates, which negatively affected cyclical consumer assets, such as retailers and securities in the construction sector.
Another influence on the decline was the fall in Petrobras shares. The company followed the performance of oil outside Brazil. On the other hand, Vale shares rose 1.44%, and limited Ibovespa’s losses.
The total volume traded on B3 was more than R$18.7 billion, among 3.3 million trades.
The data can be consulted on the B3 website.
By Brasil 61
