Ibovespa Slips Amid Weak Economic Data
The Ibovespa edged down 0.2% to close at 206,506 on Wednesday in a volatile session amid weak economic data and an unfavorable external backdrop. Services activity contracted 0.1% in August, missing expectations for a 0.5% increase. Brazil’s Industrial Business Confidence Index rose 1.3 points to 46.2 in October but re