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Bolsonaro Celebrates Bovespa Historical Records In 2019

President affirms that optimism with government contributes to the high benchmark index of the Brazilian stock market

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President Jair Bolsonaro on Wednesday celebrated the performance of the Brazilian stock exchange, whose main index reached a new historical high, saying that optimism with the new government has built up for the rise of the stock market.

“With the fiscal health and economic freedom, we are going to rescue our confidence in our country,” the president said in his Twitter account. “The stock market has reached a historic high.

Ibovespa, the benchmark index of the Brazilian stock market, surpassed 93,000 points for the first time, closing the trading session at 93,625 points, driven by a favorable external scenario for risk assets and positive outlooks related to the widely awaited pension reform in Brazil.