Brazil stocks to slog through worst year since 2008 as pandemic strikes

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Brazilian stocks will keep slogging through a year that is shaping up as their worst since the global financial crisis of 2008 due to concerns over the handling of the coronavirus pandemic and its impact on local companies, a Reuters survey showed.

FILE PHOTO: People look at an electronic board showing the graph of fluctuations of market indices at the floor of Brazil's BM&F Bovespa Stock Market in downtown Sao Paulo, Brazil, May 9, 2016. REUTERS/Paulo Whitaker/File Photowould close this year 22.4% lower than at the end of 2019, further scarring Latin America's No.1 economy, already hit by a recession of historic proportions.

The median view would deliver a gain of 4.7% on local equities compared to Monday’s closing values, which were still weak even after the index climbed 34.7% from a nearly three-year low in March at the apex of the virus panic. The country lost its second health minister in a month after Bolsonaro demanded wider use of unproven anti-malarial drugs to fight the coronavirus in one of the pandemic’s worst global hotspots.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hey everyone: Off topic however very Important!! Your retweet determines if Jaydensvoice gets heard or not!!!!🗣️🗣️🗣️🗣️🗣️🗣️🗣️🗣️🗣️🗣️🗣️🗣️ HeyJaydenlook Please just one retweet can help him a thousand ways! Trending 🤗

Who could have guessed that electing Brazil's Trump would lead to a complete disregard of the seriousness of the coronavirus?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump restricts travel from Brazil as coronavirus cases spike - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Bring Balsonaro back to Mar-a-Lago again and have a party for him! Oh good, we wouldn’t want people to bring Coronavirus to the country that has the most Coronavirus.🙄 Too little too late... again.
Source: BusinessInsider - 🏆 729. / 51 Read more »