Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Ibovespa Futures Rise on Slower-Than-Forecast Brazil Inflation

Dec. 27 (Bloomberg) -- Ibovespa futures climbed as slower-than-forecast inflation in Brazil eased concern that rising prices will hurt growth.

Power utility Cia. Energetica de Minas Gerais, known as Cemig, may be active as shareholders approved a 30.8 percent proposed bonus. Meatpacker Minerva SA may move after approval of a subsidiary in Chile.

Ibovespa futures contracts expiring in February advanced 0.3 percent to 51,750 at 9:33 a.m. in Sao Paulo. The real depreciated 0.1 percent to 2.3561 per U.S. dollar.

Swap rates, a measure of expectations for interest-rate moves, fell as the Getulio Vargas Foundation reported that wholesale, construction and consumer prices rose 0.60 percent in the month through Dec. 20, less than the 0.62 percent median forecast of economists surveyed by Bloomberg.

The Ibovespa has declined 27 percent in dollar terms this year, the worst performance among the 20 biggest equity indexes tracked by Bloomberg. The MSCI Emerging Markets Index has dropped 5.6 percent.

Trading volume of stocks in Sao Paulo was 3.74 billion reais yesterday, compared with a daily average of 7.44 billion reais this year, according to data available from the exchange.

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

To contact the editor responsible for this story: Brendan Walsh at bwalsh8@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.