INSUBCONTINENT EXCLUSIVE:
The Brazilian stock market struggled on Thursday, November 7, 2024, as fiscal uncertainties continued to dampen investor
Investors remained cautious due to reports of a modest government spending cut package.CNN Brasil reported that the proposed cuts could
range from R$10 billion to R$15 billion ($1.75 billion to $2.63 billion), falling short of market expectations.Market analysts had
(Photo Internet reproduction)This news overshadowed positive developments in the global markets
while the Nasdaq advanced 1.51% to 19,269.45 points
The Dow Jones remained flat at 43,729.34 points, with all three indices reaching record highs during the session.Federal Reserve Cuts
Interest RatesThe Federal Reserve cut interest rates by 0.25 percentage points, bringing the target range to 4.50%-4.75%
potential inflation acceleration and higher interest rates due to large federal deficits and increased tariffs.In the currency market, the
dollar remained stable against the Brazilian real
government understands these concerns but refrained from commenting on specific initiatives until they became public
As global markets react to political and economic developments, Brazil faces a challenge.The country must balance fiscal responsibility with
