The main Sao Paulo stocks index, or Bovespa, fell more than 0.5% to around 112,886 on Wednesday, after three consecutive sessions of gains, in line with its global peers. Traders digested mixed economic data from major economies and more corporate updates, while the focus is shifting to the release of FOMC minutes later in the day. On the corporate front, miner Vale and Petz were leading the losses, shedding nearly 3%, followed by CCR after its CEO resignation.
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 August of 2022.
The Brazil Stock Market (BOVESPA) is expected to trade at 108919.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 98150.01 in 12 months time.