IBOVESPA Closes up 4.25 Percent with Political Relief, Positive International Climate

The IBOVESPA closed up 4.25 percent to 85,663 points with a trading volume of R$20.769 billion. It was its highest closing since March 10th, when the benchmark closed the day at 92,214 points.

RIO DE JANEIRO, BRAZIL - The IBOVESPA index closed high on Monday, May 25th, and bounced back to its highest level since March 10th, driven by investors' optimism, excited about potential cures for the novel coronavirus, and cheered by the reopening of several economies.

This was coupled with relief from political tension amid opinions that the April 22nd cabinet meeting video was not as negative for President Jair Bolsonaro as investors had feared before its disclosure, which could heighten the climate of political instability.

There was activity by IBOVESPA to close the gap with the B3 future index, which climbed in . . .

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