Brazilian Market Turbulence: Ibovespa Plunges Amid Tax Reform Rumors

The Brazilian financial market experienced significant volatility on Wednesday, November 27, 2024. The Ibovespa, Brazil’s main stock index, dropped by 1.73% to 127,668.61 points, shedding over 2,000 points during the trading session. This decline was primarily driven by rumors of a potential income tax exemption announcement alongside a fiscal package. The US dollar reached a […]

Read Full Article