Bovespa following overview negative and back almost 4%

The Bolsa de Valores de Sao Paulo (Bovespa) closed this fall on Monday (22), following the climate of pessimism that affects the main world markets. At the end of negotiations, the Ibovespa index, the benchmark for the domestic market, had sharp fall of 3.87%, to 37,618 points. 

After starting the business on the rise, the stock market not resist the fall in the indices of American and European grants, plus the volatility offered by the low volume of business before the Christmas holidays. The spin of financial trading was in the house of its $ 2.5 billion, below the average. Key pillars of scholarship, both as Petrobras Valley Falls had more than 5.0%. 

For an analyst at brokerage SLW Pedro Galdo, the market should remain volatile until the end of the year and with little volume. 

"From today the market starts to weaken and scholarships are volatile following the entry of Obama in January might give a little more confidence and improve at the beginning of 2009," said Galdo, referring to the possession of the elected president of U.S., Barack Obama. 

Source: G1