RIO DE JANEIRO, BRAZIL - The Ibovespa, B3's main stock index, was a negative highlight since the start of the pandemic, having "boasted" the mark of the worst overall performer among market benchmarks. In 2021, and due to the commodities rally in April and May, this has changed. The index bounced back to near-record highs of 125,000 points, reaching 123,000 points last Tuesday, May 18.
As pointed out by Fernando Ferreira, chief strategist of XP, the Ibovespa not only experienced one of the highest climbs in the world last month, ranking 7th in the period in dollars . . .
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