Brazil's stock market fell 0.70% to 168,454 on June 17, a third straight drop, as a hawkish Fed eclipsed a Selic cut to 14.25% and the real eased to 5.10.
Key Facts
The Ibovespa fell 0.70% to 168,454 on Wednesday June 17 — a third straight decline.
It brushed its lowest level since January before trimming losses, settling on its long-term floor near 167,000.
Brazil’s central bank cut the Selic to 14.25%, a third straight quarter-point reduction.
The US Federal Reserve held but turned hawkish, signalling its next move could be a hike, and Wall Street fell about 1%.
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