Brazil Stocks Fall Most in Month on Interest Rate Concern

The Bovespa stock index fell the most in almost a month on speculation quickening inflation will prompt policy makers to raise interest rates in nations from Brazil to China.

Vale SA, the world’s biggest iron ore producer whose biggest export market is China, slid after the Asian nation’s state-run newspaper said price controls may be imposed to cool the fastest inflation in two years. Lojas Americanas SA tumbled 4 percent, leading a drop for retailers, after a weekly central bank survey showed economists expect rising rates next year.