The Ibovespa is experiencing a firm and widespread decline at the start of today’s business, after the announcement of stimulus for China’s real estate sector disappointed the market. Thus, the uncertainties surrounding the country’s demand and the devaluation of almost 6% of iron ore in Dalian put pressure on stocks linked to commodities, such as Vale ON, which fell almost 2%. Concern surrounding the health of Brazil’s public accounts, accentuated by recent noises, also causes local risk aversion.
At around 10:30 am, Ibovespa fell 1.19%, to 130,153 points, with an intraday maximum of 131,716 points and a minimum of 129,902 points. The financial volume projected for the index on the day was R$20 billion. Abroad, the future of the S&P 500 gained 0.22% and the Stoxx 600 advanced 1.09%.
