|Day's range||87,106.12 - 88,183.93|
|52-week range||69,069.00 - 91,242.00|
Investors are returning to emerging markets, hoping to find bargains after one of the worst selloffs in years. Flows into developing countries’ stocks and bonds surged in November to $33.9 billion, their highest level since January, data from the Institute of International Finance showed. After years of double-digit returns, emerging markets have been slammed in 2018 by a host of concerns, from a stubbornly strong dollar to a trade conflict between the U.S. and China.
BRASÍLIA—Brazil’s president-elect has put together a team of fiscal hawks to lead the economy, winning cautious approval from markets worried about the country’s ballooning debt. Jair Bolsonaro’s designated economy minister, Paulo Guedes, on Thursday proposed U.S.-trained economists Roberto Campos Neto, 49, to lead the central bank and Mansueto Almeida, 51, to stay on as head of the national treasury. Earlier this week the president-elect said former Finance Minister Joaquim Levy, 57, will lead Brazil’s large development bank, known as BNDES, the main source of funds for much-needed infrastructure projects in the country, but which until recently has also been a burden for taxpayers.
The Sao Paulo stock market closed 2.98 percent down Thursday after a day of torrid trading and a continued slide in the Brazilian real against the dollar. Earlier in the day, the Ibovespa index had lost 6.2 percent, reflecting growing pessimism over Brazil's economic and political outlook, analysts said. Earlier the dollar rose to 3.94 reais, the strongest rate against Brazil's currency since 2016.
The Sao Paulo stock market dropped six percent Thursday and the real continued to fall against the dollar, reflecting growing pessimism over Brazil's economic and political outlook, analysts said. At about ...