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Ibovespa index falls amid economic concerns and mixed oil prices

EditorLina Guerrero
Published 01/18/2024, 06:17 PM
© Reuters.
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SAO PAULO - The Brazilian stock market closed lower today, as the Ibovespa index faced a downturn due to growing concerns about the economic outlook. Investors grappled with a mix of global market pessimism and disappointing economic data from China, which contributed to the negative sentiment.

The Ibovespa, the benchmark stock index in Brazil, ended the day with a decline. According to recent reports, the index fell by 0.94% to 127,315 points. Another report indicated a decrease of 0.60%, with the index closing at 128,523 points. This discrepancy highlights the volatility that characterized the trading session.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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