Ibovespa Futures Gain as Brazil’s Retail Sales Unexpectedly Rise

Ibovespa futures climbed as a surprise increase in retail sales boosted the outlook for Brazilian stocks.

Online retailer B2W Cia. Digital may be active after a measure of quarterly earnings beat analysts’ estimates. Medical diagnostics company Diagnosticos da America SA (DASA3) may move as a shareholder announced it increased its stake in the company to 72 percent after purchasing shares in a tender offer.

Ibovespa futures contracts expiring in April gained 0.3 percent to 46,290 at 9:41 a.m. in Sao Paulo. The real strengthened 0.2 percent to 2.3497 per U.S. dollar.

Brazil’s retail sales increased 0.4 percent in January from a month earlier, according to data from the national statistics bureau. The median estimate among 40 economists surveyed by Bloomberg was for a decline of 0.3 percent.

The Ibovespa has tumbled 19 percent from a bull-market high on Oct. 22 as inflation exceeded policy makers’ target and concern mounted that higher government spending will lead to a reduction in the country’s credit rating.

Trading volume of stocks in Sao Paulo yesterday was 6.2 billion reais, compared with a daily average of 6.33 billion reais this year, according to data from the exchange.

To contact the reporter on this story: Denyse Godoy in Sao Paulo at dgodoy2@bloomberg.net

To contact the editors responsible for this story: Brendan Walsh at bwalsh8@bloomberg.net Dennis Fitzgerald, Richard Richtmyer

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