Stocks fall to lowest level since August on Credit Suisse crisis

The crisis at the European bank Credit Suisse and the consequences of the bankruptcy of two North American banks caused turmoil in the financial market. The stock exchange fell today (15) to the lowest level since August. The Ibovespa index, from B3, closed this Wednesday at 102,675 points, down 0.25%. The indicator fell 2.18% around 12:00 am, approaching 100,000 points, but reacted during the afternoon and almost zeroed the losses. Even closing practically stable, the indicator, which accumulates five consecutive losses, is at the lowest level since August 1st. The day was also tense in the exchange market. The commercial dollar ended this Wednesday sold at R$5.294, up R$0.037 (+0.7%). The quotation soared until the beginning of the afternoon, reaching R$ 5.32 at the maximum of the day, shortly before 2 pm, but cooled down towards the end of negotiations. The North American currency is at its highest level since January 5, when it sold at BRL 5.35. The currency accumulates an increase of 1.32% in March and 0.27% in 2023. Until this Tuesday (14), the dollar had accumulated a drop in the year. The financial market had a tense day across the planet, after the Bank Credit Suisse announces “significant weaknesses” in balance sheets and controls over the past two years. The crisis at the financial institution comes days after two North American banks linked to technology companies went bankrupt and their customers’ deposits were guaranteed by the Federal Reserve (Fed, North American Central Bank). dollar and on the stock exchange: the announcement by the Swiss Central Bank that it can help the financial institution, if necessary, and the confirmation by President Luiz Inácio Lula da Silva, that the new fiscal framework will be announced before the official trip to China, scheduled for the last week of this month. From now on, Agência Brasil will only publish articles about the closure of the financial market on special days. The dollar quote and the stock exchange level will no longer be reported every day.

Agência Brasil