Ibovespa has 2nd worst performance among 21 exchanges in August

Ibovespa has the worst drop since March and the dollar rises Ibovespa accumulated a drop of 8.54% in August and has the second worst performance among 21 exchanges monitored by the consultancy Elos Ayta. The survey considers the results in dollars until the 17th. The result is second only to that recorded by Merval, the main index on the Argentine Stock Exchange, which fell 10.47% in the same period. ?The comparison considers the results in dollars because each country has its own currency. By transforming the numbers for the same currency, it is possible to more directly compare the performance of different exchanges. In Brazil, for example, the Ibovespa accumulated a drop of 6.30% in reais in August. But the dollar rose 2.44% against the real in the period. This makes the loss greater when the result is calculated in American currency: 8.54%. The Ibovespa was influenced by the fall of several shares - the shares of Magazine Luiza, Grupo Soma and the construction company MRV fell by more than 5% throughout the day adobe stock In practice, this means that a foreign investor who invested in the Brazilian stock market did not just suffer from the fall in shares. It was also affected by the appreciation of the dollar (when the American currency becomes more expensive in relation to the real). Brazil is among the worst results Among the four markets with the worst performance in the survey, two are from Latin America. Argentina appears in last place, with a drop of 10.47% in Merval. Brazil comes soon after, with an 8.54% decline in the Ibovespa. Next are the FTSE China 50, an index that brings together large Chinese companies, with a drop of 2.55%, and the IPC Mexico, the main Mexican stock index, which drops 2.29%. The performance shows that, until the 17th, the Brazilian and Argentine stock exchanges had a much stronger fall than that recorded in other major markets. Ibov Einar rivero Stock markets in Europe and Asia rise At the other end of the survey, the best results are mainly in Europe and Asia. The Euro Stoxx 50, an index that brings together 50 of the main companies in the euro zone, leads the list, with an increase of 7.02% in August. The Nikkei 225, the main index on the Japanese Stock Exchange, appears next, with an increase of 6.77%. The Nasdaq, in the United States, which contains many technology companies, rises 5.01%. Among Latin American markets, Colombia and Peru also show positive performance. The indices of these countries increased 2.68% and 2.65%, respectively, in the period. Thus, while some of the main European and Asian stock exchanges accumulated gains in August, the Brazilian and Argentine stock markets were among those that lost the most value in the month.