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 Rises on Wagers Recession Dims Rousseff Outlook

The Ibovespa led gains among the world’s largest equity markets, capping its best month since January 2012, on bets President Dilma Rousseff will lose her re-election bid as Brazil slipped into a recession.

Lender Itau Unibanco Holding SA contributed the most to the gauge’s advance on speculation that a change in government would reduce intervention in industries including banking. Banco do Brasil SA led gains among state-run companies. Miner Vale SA slumped a seventh day in the longest losing streak in more than two years.

The Ibovespa added 1.7 percent to 61,288.15 at the close of trading in Sao Paulo, extending its monthly gain to 9.8 percent and rising 4.9 percent for the week. Brazil’s benchmark equity index has jumped 36 percent from this year’s low on bets that a new government will pave the way for growth.

“The decline in economic activity favors opposition candidates” in the October election, Luis Gustavo Pereira, a strategist at brokerage firm Guide Investimentos, said by phone from Sao Paulo. “It’s very clear that the current administration’s measures were not good for the economy.”

Gross domestic product shrank 0.6 percent in the second quarter from the prior three months after contracting a revised 0.2 percent in the first quarter, the national statistics agency said today. The decrease in the second quarter was bigger than the median forecast of economists surveyed by Bloomberg, which called for a drop of 0.4 percent.

Itau added 2.3 percent to 40.36 reais, while Banco do Brasil climbed 5.2 percent to 34.99 reais. Vale declined 0.6 percent to 25.97 reais.

Trading volume of equities in Sao Paulo was 11.5 billion reais today, according to data compiled by Bloomberg. That compares with a daily average of 6.6 billion reais this year, according to 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.