Business

Brazilian stock market set for new records in the second semester

Increasing vaccination rates stoke hopes of impending economic recovery, for a strong end to 2021. But 2022 won’t be all plain sailing

stock market new records covid
Image: Santima Studio/Shutterstock

Despite the Covid-19 pandemic, alarming rates of unemployment, and the general economic crisis Brazil is facing, the country’s B3 stock exchange is on the up. The first semester of the year featured several milestones, from a record entry of foreign investors, to Brazil’s benchmark stock index Ibovespa hovering around all-time-high levels. 

Now, the question that analysts are trying to answer is whether we can also expect good results in the second semester. Though the political situation could cause some turbulence, most analysts are cautiously optimistic.

“We have already started seeing positive results for this first semester, and probably in the...

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