Political crisis between Maia and Bolsonaro wipes out 7 points on the stock market.
The Maia-Bolsonaro conflict has already cost 7 points on the Ibovespa, the country's main stock market index; in just three days, the stock market plummeted due to the political crisis spreading from the government to Congress; Victor Cândido, chief economist at Guide Investimentos, says: "the situation regarding the reform is much more fragile than the market imagined. The deterioration was very rapid."
247 - The Maia-Bolsonaro conflict has already cost 7 points on the Ibovespa, the country's main stock market index. In just three days, the stock market plummeted due to the political crisis spreading from the government to Congress. Victor Cândido, chief economist at Guide Investimentos, says: "a The situation regarding the reform is much more fragile than the market anticipated. The deterioration was very rapid.
A report from the Folha de S. Paulo newspaper. This highlights the perception of another expert, Michael Viriato, a finance professor at Insper: "a "Reality wasn't what we were seeing at the beginning of last week."
According to the article, "before plummeting from a record high of almost 100 points to the current 93, investors had the feeling that the Brazilian stock market would follow a straight upward trajectory, Viriato assesses."