Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Around the World's Markets: Sao Paulo

Friday 29 January 1999 19:02 EST
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

SHARES ended up 2.3 per cent as a weak currency enhanced their dollar value, but rumours of new economic measures unnerved markets at the close. The Bovespa index ended at 8,172 points.

Speculation was rife that the government could call Monday a bank holiday and release new economic measures. Despite denials, people rushed to withdraw savings from banks on reports that the government could freeze deposits on Monday as part of a debt restructuring.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in