Brazil's Ibovespa ended flat at 168,277.55 on June 18 as a Selic cut to 14.25% met global caution after the U.S. Fed's harder line on rates.
Key facts
Brazil’s Ibovespa index finished almost flat, down a slim 0.10% at 168,277.55 on Thursday, June 18.
It was a volatile, two-sided day that swung between gains and losses around the 168,000 mark.
A morning lift came after Brazil’s central bank cut its key rate to 14.25% and appeared to open the door to more cuts.
The gains faded as a cautious global mood and profit-taking set in later in the day.
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