The main Sao Paulo stocks index closed Friday's session slightly down but not far from an all-time high hit earlier this week, amid hopes of a solid recovery in 2021 and expectations that the country's central bank would continue to tighten monetary policy. At the same time, investors bet that spiking US inflation would be temporary and should not affect the Federal Reserve's current stimulus. Still, the benchmark Bovespa dropped nearly 0.5% this week, recording its first weekly decline in four.
Historically, the Brazil Stock Market (BOVESPA) reached an all time high of 131190.30 in June of 2021. Brazil Stock Market (BOVESPA) - data, forecasts, historical chart - was last updated on June of 2021.
The Brazil Stock Market (BOVESPA) is expected to trade at 126121.86 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 114961.32 in 12 months time.