Brazilian Stock Market Plunges Amid Fiscal Package Announcement and U.S. Holiday

The Brazilian stock market experienced a significant downturn on November 28, 2024, as investors reacted to a new fiscal package announcement. The Ibovespa, Brazil’s main stock index, fell by 2.40% to 124,610.41 points, marking its largest daily loss since January 2, 2023. This sharp decline occurred without the usual support from Wall Street, as US […]

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