Volatility and uncertainty define the market on Wednesday, says specialist

The financial market on Wednesday (18/5) was marked by volatility and uncertainty, according to experts. The Ibovespa ended the day down 2.34%, closing at 106,247 points. The dollar, on the other hand, rose 0.80%, closing at R$4.98.

According to Bruno Hora, co-founder of Invest Smart, the Brazilian stock market is melting down. “The dollar has gone back up a bit after having had a string of drops, and the Crypto asset market is falling quite a bit. So, [there is] a lot of volatility and a lot of uncertainty. External factors have put a lot of pressure and the market momentum is for those with risk appetite, because it’s not easy to navigate,” he explained.

Eletrobras interrupted a sequence of four straight highs, waiting for the approval of the privatization by the TCU – after the closing, a majority was formed in favor of the process. The stock market registered, on Monday (16), the first day of foreign inflows in shares since April 20.