The market was quiet due to the uncertain economic situation. It was not supported by the recent strengthening in oil prices or the strengthening in other world stock markets.
The tone of the market was already negative, and that was reinforced today by the news from Brazil.
It is going to make the local market inoperative and erect a strong barrier to the entry of foreign capital.
My great concern is that the tax will not benefit anyone because trading activity will decrease and the revenue collected by the government will therefore fall as well, and the trading will go to other markets.
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