Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Ibovespa futures dropped, after the stock index entered a bull market yesterday, as commodities fell and faster-than-forecast inflation in Brazil added to speculation the central bank will keep raising borrowing costs.

Steelmaker Usinas Siderurgicas de Minas Gerais SA, known as Usiminas, may move after Standard & Poor’s changed the company’s credit rating outlook to stable from negative.

Ibovespa futures contracts due in June retreated 0.1 percent to 54,595 at 9:19 a.m. in Sao Paulo. The real gained 0.2 percent to 2.2131 per dollar. The S&P GSCI index of 24 raw materials fell 0.3 percent. Commodity producers account for about one-third of Ibovespa’s weighting, according to data compiled by Bloomberg.

Swap rates, a gauge of expectations for interest-rate moves, rose on most contracts as the Getulio Vargas Foundation said inflation in Brazil’s seven biggest cities accelerated to 0.84 percent in the month ending May 7. The median forecast of economists surveyed by Bloomberg was 0.76 percent.

The Ibovespa entered a bull market yesterday, surging 20 percent from this year’s low on March 14. Petroleo Brasileiro SA rallied on speculation a change in government after the October presidential election will reduce intervention in state-run companies.

Trading volume of stocks in Sao Paulo was 8.5 billion reais yesterday, compared with a daily average of 6.8 billion reais this year, according to data from the exchange.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.