Ibovespa falls again and reaches lowest level since August

The Brazilian stock exchange closed Wednesday (23) down 0.55% at 129,233 points. This was the fifth consecutive drop in Ibovespa, which reached its lowest level since August 8th.

The fall has been affected, according to experts, by fiscal issues relating to public accounts. Estimates drawn up by the International Monetary Fund, the IMF, point to the risk of a fiscal crisis. The Fund’s projections are for a jump of more than 10 percentage points in public debt during Lula’s third government.

The fall in iron ore in China impacted Vale’s shares, which fell once again. The low this Wednesday was 1.75%. A lot of oil supply in the world caused Petrobras shares to fall 1.25% in the last trading session.

Among the increases, the good results came from Carrefour, which rose 5.24%, and IRB with a significant increase of 12.29%, after data from August.