🔔The dashboard: Brazil’s benchmark stock index Ibovespa gained 2.23 percent this week. Meanwhile, the Brazilian Real lost 0.19 percent against the US Dollar.
- Biggest gains: Estacio (education), +27.27 percent
- Biggest drops: Marfrig (food), -8.54 percent
Despite recent volatility, Petrobras shares perform well over the year
Over the last month, ordinary shares of Brazilian oil and gas giant Petrobras suffered substantial losses – including a 7-percent slide today. Stock prices are down as crude oil prices plummet amid fears of a global economic slowdown and concerns about high inflation and rising interest rates.
Still, Petrobras’s ordinary shares remain up by over…