Brazil’s Bovespa Stock Market Registered Record Volume

The IBOVESPA registered the highest volumes since 2008 this week, but the political upheaval in Brasilia, may hinder the country's economic recovery.

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Despite the current political turbulence in Brasilia, Brazil’s main stock market, the Bovespa Index (IBOVESPA), registered a record volume for the second day in a row on Tuesday, closing a little below 75,000 points.

For economic analysts, the latest economic data has led the São Paulo bourse to register its highest volumes since 2008. The ongoing political crisis, however, may affect Brazil's economic growth.

“Recently released data indicates that GDP grew for the first time in over three years in Q2, confirming that the [Brazilian] economy . . .

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