Around the World's Markets: Sao Paulo

Wednesday 13 January 1999 00:02 GMT

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

SHARE PRICES closed sharply lower amid plummeting investor confidence that no local news seems capable of raising.

The Bovespa index closed 488 points, or 7.61 per cent, lower at 5,915 points, off a low of 5,791, on low turnover. The market was close to circuit- breaker limits as concerns persisted over the decision of the state of Minas Gerais to default on its debt to the government.

The real firmed to 1.2106 to the dollar.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Stay up to date with notifications from The Independent

Thank you for registering

Around the World's Markets: Sao Paulo

Join our commenting forum

Thank you for registering