To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: Bovespa Suffers Worst Day Since May
The main Sao Paulo stocks index, or Bovespa, ended deep in the red on Friday, with the benchmark finishing below the 128,000-level for the first time since May 31 to record its worst day in more than a month. Economy Minister Guedes delivered the second phase of the government’s tax reform bill to the lower house of Congress, which aims to cut income tax for individuals and companies but increase levies on financial market capital gains. On the data front, Brazilian consumer inflation rose above 8% in the month to mid-June for the first time in almost five years, amid rises in fuels and electricity prices. As a result, the Bovespa posted its second consecutive week of losses. . [/s2If]
Join Our Telegram Group