Coronavirus

? Ibovespa skyrockets with optimism towards aid package approval in the U.S.

Ibovespa, Brazil’s benchmark stocks index, followed the international market upturn and traded 9 percent up in the morning at the 69,300 points level. The relief came on the back of optimism that the U.S. Congress will today approve a nearly USD 2 trillion aid package to fight off the economic impact of Covid-19.  

Among the best performers are stocks that have been struggling with steep volatility, such as the airlines Azul (AZUL4) and Gol (GOLL4). Petrobras (PETR4) also finished the day 9 percent up, following crude oil’s rebound.   

Natália Scalzaretto

Natália Scalzaretto has worked for companies such as Santander Brasil and Reuters, where she covered news ranging from commodities to technology. Before joining The Brazilian Report, she worked as an editor for Trading News, the information division from the TradersClub investor community.

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