Ibovespa has 11th consecutive fall with fears about Eletrobras and China

The Ibovespa, the main index of the São Paulo stock exchange (B3), closed the trading session this Tuesday (15) down 0.55%, at 116,171 points. This is the 11th consecutive fall of the index and the worst sequence of declines since 1984. On the international scene, the Ibovespa was impacted by data from retailers in China, which were worse than expected by the financial market.

The results of the Asian country caused investors to fear a possible recession. The financial market is still awaiting the release, this Wednesday (16), of the minutes of the last meeting of the Federal Reserve (Fed), the central bank of the United States. Currently, the interest rate in the US is in the range between 5.25% and 5.50% per year, the highest level in 22 years.

The internal scenario was marked by an increase of 0.72% in Petrobras’ preferred shares. Earlier, the state-owned company announced an increase in the prices of gasoline (R$ 0.41) and diesel (R$ 0.78). In addition, there was a devaluation of Eletrobras shares with the departure of Wilson Ferreira Jr. as CEO. The company’s shares fell more than 3%. The commercial dollar ended the day up 0.43%, quoted at R$4.98.