Mon. Mar 30th, 2020

The Sao Paulo stock exchange rises 10% in the middle of the session due to external good humor


The Sao Paulo stock exchange rose 10.29% this Tuesday in mid-session and its Ibovespa index, benchmark of the parquet, stood at 70,108 points, after the falls of recent days and in the wake of good humor in the main international markets .

In a new volatility session, the Brazilian parquet was dyed green this Tuesday, after losing more than 5% the day before and almost 19% last week due to fear of a global recession due to the coronavirus.

The São Paulo square was contaminated by the optimism that is pervading the rest of the stock markets before the announcement of several governments to implement measures to reduce the impacts of the pandemic on the world economy.

In Brazil, President Jair Bolsonaro announced incentives for some regions and municipalities of the country and the Central Bank millionaire injections in the market.

In Sao Paulo, the most industrialized and populated state in Brazil with 46 million inhabitants, the quarantine decreed by the regional government begins on Tuesday, after registering 30 of the 34 deaths confirmed so far in the country.

In the exchange market, the dollar depreciated this Tuesday by 1.28% against the real, a currency that was traded at 5,069 reais for purchase and 5,070 reais for sale at the commercial exchange rate.

Over the past week, the greenback accumulated a 4.44% rise against the Brazilian currency.

On Tuesday Wall Street, the world’s leading stock market benchmark, also opened with gains of almost 7% on the Dow Jones Industrials.

European stock markets were also showing noticeable gains after yesterday’s losses and after it was announced that the Chinese city of Wuhan, where the coronavirus outbreak began to spread, will lift the quarantine on April 8.

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