Ibovespa Futures Advance as Poll Signals Rousseff to Face Runoff

Ibovespa futures climbed after a poll showed President Dilma Rousseff’s lead over her main contender narrowed, adding to speculation that she will face a runoff in the October election.

For-profit college operator Estacio Participacoes SA may be active as revenue exceeded analysts’ estimates. Homebuilder PDG Realty SA Empreendimentos e Participacoes may move after reporting sales that trailed forecasts.

Ibovespa futures contracts due in June gained 0.1 percent to 53,995 at 9:19 a.m. in Sao Paulo. The real was little changed at 2.2143 per dollar.

Rousseff’s support among voters was little changed at 37 percent compared with 38 percent in April, the poll published today on Folha de S. Paulo’s website showed. Aecio Neves, a senator with the Brazilian Social Democracy Party, increased to 20 percent from 16 percent a month earlier.

Brazil’s consumer prices rose less than economists forecast in April as the central bank carried out the largest rate-increase cycle after Turkey in the past year. Swap rates, a gauge of expectations for interest-rate moves, fell.

The Ibovespa entered a bull market on May 7, surging 20 percent from this year’s low on March 14, as Petroleo Brasileiro SA rallied on speculation a change in government will reduce intervention in state-run companies.

Trading volume of stocks in Sao Paulo was 6.6 billion reais yesterday, compared with a daily average of 6.8 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 Rita Nazareth, Dennis Fitzgerald

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