Foreign Investors Flee Brazil’s Stock Market

São Paulo, Brazil, stock market, the Bovespa Brazil's stocks partly recovered (0.16%) on Friday, July 4, after their worst week in nearly a year with the São Paulo Bovespa index, the Ibovespa, falling 7.7% – below the 60.000 benchmark – in line with global markets and concerns about oil prices and rising inflation.

Bovespa officials also revealed on Friday that the São Paulo stock exchange closed June with a deficit equivalent to US$ 4.06 billion, which means that contrary to what happened in April when there was virtually a flood of foreign capital, the inflow this last month was negative.

In April, the Bovespa operations had a surplus of US$ 3.7 billion but beginning in May foreign capital began leaving and closed the month with a mere US$ 300 million plus.

In June, the São Paulo stock exchange lost 10.43%, with foreign purchase of Brazilian stocks totaling US$ 28.3 billion, but sales jumped to US$ 32.95 billion and the resulting loss of money volume.

However in spite of a very adverse June, the Bovespa managed to close the first semester with a surplus of foreign investment of US$ 3.3 billion, mostly because of the several public offerings with foreigners wanting to change currency into stock assets.

Mercopress

Tags:

You May Also Like

Brazil Gets Boost After 4.5% Growth Forecast for 2006

The Brazilian market managed some gains after an initial drop, this Tuesday, July 11, ...

Brazil Is World’s Fifth in Growth of Foreign Investment, Ahead of China

After three years dropping, the world foreign direct investment (FDI) flow returned to growth ...

War and the Empire of Baloney

While we haven’t seen many cases of adulteration of images  in the international press, ...

Brazil Has 241 Routes to Sexually Exploit Women and Children

Another 150 municipalities should be included in Brazil’s Program to Confront Sexual Violence against ...

Brazilian Sounds: The Other Simone, Nature-ly

Simone Guimarães’s voice is of rare beauty and at times she might even make ...

Despite Bottlenecks, Brazil’s Ports Break Records

Brazilian ports have registered record cargo throughput, including that of greater added value products, ...

Senate Spits in the Face of the Brazilian People

Brazil’s senators showed their contempt for the people who elected them by spitting in ...

Brazil Joins US and China in Contagious Disease Network

Representatives of Public Health Institutes in 40 countries, including Brazil, signed an agreement Tuesday, January ...

Brazil, Haiti Needs Bread Now! Take Your Circus Elsewhere

As soon as the danger dissipated, Nelson Jobim, Brazil’s Defense Minister, showed up at ...

Palestine Wants to Learn More from Brazil on Energy and Soccer

Palestinian National Authority's new ambassador to Brazil, Ibrahim Alzeben, who was inaugurated in July, ...