INSUBCONTINENT EXCLUSIVE:
Brazilian investors watched R$ 120 ($20) billion vanish from the stock market on December 18, 2024, as the Ibovespa tumbled 3.15%
Second, the US Federal Reserve dampened hopes for significant interest rate cuts in 2025.These factors combined to create perfect conditions
This conservative approach means Brazil must maintain higher interest rates to protect its currency, which hurts local businesses and
(Photo Internet reproduction)The market reaction split Brazilian companies into clear winners and losers
Exporters like Marfrig gained from the weaker currency
Without concrete action to control government spending, investors may continue moving their money elsewhere, affecting everything from job
responsibility over popular spending programs
The answer to this question will likely determine market direction in the coming months.The stock market movements created a clear divide
between winners and losers
produced several notable losers
Automob suffered the steepest decline, with its shares plunging 26% as investors took profits following recent gains.Travel sector stocks
faced particular pressure, with both CVC and Azul recording sharp losses
These companies struggled as the stronger dollar made international travel more expensive for Brazilians.Market heavyweights also stumbled
Mining giant Vale dropped more than 5%, despite typically benefiting from a weaker currency through its export business.Oil company
sentiment proved overwhelming, with 85 out of 86 stocks in the Ibovespa index closing lower
