Foreign Investors Flee Brazil’s Stock Market

São Paulo, Brazil, stock market, the Bovespa Brazil's stocks partly recovered (0.16%) on Friday, July 4, after their worst week in nearly a year with the São Paulo Bovespa index, the Ibovespa, falling 7.7% – below the 60.000 benchmark – in line with global markets and concerns about oil prices and rising inflation.

Bovespa officials also revealed on Friday that the São Paulo stock exchange closed June with a deficit equivalent to US$ 4.06 billion, which means that contrary to what happened in April when there was virtually a flood of foreign capital, the inflow this last month was negative.

In April, the Bovespa operations had a surplus of US$ 3.7 billion but beginning in May foreign capital began leaving and closed the month with a mere US$ 300 million plus.

In June, the São Paulo stock exchange lost 10.43%, with foreign purchase of Brazilian stocks totaling US$ 28.3 billion, but sales jumped to US$ 32.95 billion and the resulting loss of money volume.

However in spite of a very adverse June, the Bovespa managed to close the first semester with a surplus of foreign investment of US$ 3.3 billion, mostly because of the several public offerings with foreigners wanting to change currency into stock assets.

Mercopress

Tags:

Ads

You May Also Like

Brazil’s Copersucar Forecasts a US$ 5 Billion Sugarcane Crop

Brazil's sugar industry giant Copersucar, a cooperative that operates in the trade of sugar ...

Brazil Survives Another Carnaval

While most Brazilians were already back to work throughout the country, 600 thousand baianos ...

Brazil’s Referendum, a Rebellious Act That Makes No Difference

In a small Brazilian city, José Maria da Silva woke up on Sunday, October ...

Brazil Strikes Light Oil Off Sí£o Paulo Coast

It's been one week now that Brazil's government owned oil corporation Petrobras announced the ...

Speculators Are Not Welcome, Says Brazil’s Lula

Brazilian President Luiz Inácio Lula da Silva once again came out in defense of ...

Brazilian Indians Will Keep Land of the Fox and Mountain of the Sun

Eight of the eleven Supreme Court judges in Brazil voted in favor of the ...

Trying to Avoid an Argentina-Brazil Trade War

In the first half of this year Brazilian imports to Argentina rose over 75 ...

Brazil’s Lula Calls on US and EU to Finance Production and Then Buy Biodiesel

In his weekly radio broadcast, this Monday, February 13, Brazilian President Luiz Inácio Lula ...

Brazil’s Central Bank Chief Stays, Assures Lula

Latin American shares were mostly higher on the day, led by a strong recovery ...

Brazil Drafts US Multinationals to Affirmative Action Program

Brazil’s Minister of the Special Secretariat of Policies for the Promotion of Racial Equality ...