The Ibovespa traded close to session lows on Tuesday afternoon (27), reversing previous gains as the main Wall Street indexes lost traction.
The main stock index fell 0.69% around 2:20 pm, at 108,364 points. At the same time, the dollar operated close to stability, with a drop of 0.07%, quoted at R$ 5.378 on sale.
Among Ibovespa shares, Itaú Unibanco and energy companies such as Eletrobras weighed on the index, while Petrobras advanced more than 1% and was the main positive influence, reflecting the rise in oil.
Stocks in the United States and Europe rose sharply in the morning, in an attempt to regain ground after recent consecutive drops for fear of an economic slowdown.
However, they lost strength again, which led the pan-European STOXX 600 index to close stable, practically at the session lows. The S&P 500 in New York was up 0.1% after rising as much as 1.7% earlier.
Source: CNN Brasil
Joe Jameson, a technology journalist with over 2 years of experience, writes for top online news websites. Specializing in the field of technology, Joe provides insights into the latest advancements in the industry. Currently, he contributes to covering the world stock market.
