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The Sao Paulo Stock Exchange sinks 3.39% for fear of a new variant of covid By EFE

by souhaib
November 26, 2021
in Forex
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The Sao Paulo Stock Exchange sinks 3.39% for fear of a new variant of covid By EFE
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The Sao Paulo Stock Exchange sinks 3.39% for fear of a new variant of covid
© Reuters. The Sao Paulo Stock Exchange sinks 3.39% for fear of a new variant of covid

Sao Paulo, Nov 26 (EFE) .- The Sao Paulo stock market sank 3.39% this Friday and its index, the benchmark for the stock market, stood at 102,224 points, according to preliminary data, after a day marked by widespread terror that took over the global market due to the appearance of a new variant of the coronavirus.

The Brazilian market accompanied the steep falls that dyed the main world stock markets red, including Wall Street, which closed with heavy losses and the biggest drop so far this year (-2.53%), amid the growing concern about the new variant found in South Africa, whose transmission potential threatens a new upsurge in the pandemic.

In the foreign exchange market, the US dollar appreciated today by 0.54% against the Brazilian real and ended the day trading at 5.594 reais for buying and selling at the commercial exchange rate.

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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