Brazilian Ibovespa Drops 1.5% Amid Fiscal Uncertainty and Strong Dollar Surge

The Brazilian financial market experienced significant turbulence on Friday, December 6, 2024. The Ibovespa, Brazil’s main stock index, fell to 125,945.67 points. This 1.50% decline reflected growing concerns about the fiscal package in Congress. Investors reacted cautiously to rumors of potential changes to the government’s proposed spending plan. Reports suggested lawmakers might resist alterations to […]