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001122334455554433221100

brazil markets face worst week in two years amid spending plan concerns

Brazilian markets are on track for their worst week in two years, driven by a disappointing government spending cut plan that heightened budget concerns. The real fell 1.6% on Friday, contributing to a nearly 5% decline this week, making it the weakest performer among developing nations. An ETF tracking Brazilian equities dropped 4.6% in premarket trading in New York, adding to a 3.8% loss from earlier sessions.
bloomberg.com
Brazilian Real Brazilian Markets BRA
Finance & Economy, Market Report
14:10 29.11.2024
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