Pursuits
Ibovespa Declines as Petrobras Slumps After Morgan Stanley Call
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The Ibovespa fell the most in a month as state-controlled oil producer Petroleo Brasileiro SA dropped after Morgan Stanley said investors should sell the stock.
Pulp exporters Fibria Celulose SA and Suzano Papel e Celulose SA tumbled as a gain in the real dimmed the outlook for revenue outside Brazil. Diagnosticos da America SA, the medical-diagnostics firm known as Dasa, surged after its biggest shareholder offered to buy the stake it doesn’t own.