Toll road operator CCR SA (CCRO3) may be active after its unit Viaoeste named Eduardo Siqueira Moraes Camargo chief executive officer. Crude producer Petroleo Brasileiro SA may move after saying it found oil in Brazil’s Potiguar basin.
Ibovespa futures contracts expiring in October slipped 0.3 percent to 52,730 at 9:17 a.m. in Sao Paulo. The real climbed 0.4 percent to 2.2755 per dollar. Stocks in China fell after a report showed foreign-direct investment increased 0.6 percent last month, compared with a median forecast of 12.5 percent growth among economists surveyed by Bloomberg.
In the U.S., the Federal Reserve will probably lower its $85 billion of monthly bond purchases by $10 billion, according to the median response of 34 economists surveyed by Bloomberg News earlier this month. That’s down from the forecast of a $20 billion reduction in a July survey. The FOMC starts its two-day meeting today.
The Ibovespa entered a bull market on Sept. 9 after rising 20 percent from this year’s low on July 3 through that day. The gauge is still down 21 percent in dollar terms this year, compared with a decline of 5.2 percent for the MSCI Emerging Markets Index of 21 developing nations’ equities.
Trading volume of stocks in Sao Paulo was 9.36 billion reais yesterday, compared with a daily average of 7.74 billion reais this year through Sept. 13, according to data compiled by the exchange.
To contact the reporter on this story: Ney Hayashi in Sao Paulo at firstname.lastname@example.org
To contact the editor responsible for this story: David Papadopoulos at email@example.com