SAO PAULO (Reuters) – The Ibovespa index closed sharply lower on Friday, returning to November 2020 levels, as fears of a global recession sent down commodities, while Petrobras plunged about 7% also reflecting political risk after announcing a price readjustment. of fuels.
Reference index of the Brazilian stock market, the Ibovespa fell 2.84%, to 99,887.29 points, according to preliminary data, the lowest level since the beginning of November 2020. At the worst moment, it reached 98,401.73 points (- 4.28%). The financial volume totaled 31 billion reais.
With such performance, the Ibovespa accumulated a decline of 5.3% in the week.
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(By Paula Arend Laier)
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