Ibovespa Futures Fall After U.S. GDP Growth Exceeds Estimates
Ibovespa futures fell, a sign the stock gauge may pare a monthly gain, as faster-than-forecast U.S. growth fueled speculation that the Federal Reserve may pare stimulus that has boosted demand for emerging-market assets.
Brewer Cia. de Bebidas das Americas may move after posting second-quarter earnings that missed analysts’ estimates. Real estate company Tecnisa SA (TCSA3) may be active after reporting a profit that was more than analysts had forecast for the April-to-June period.
Ibovespa futures contracts expiring in August lost 0.4 percent to 48,220 at 9:42 a.m. in Sao Paulo. The equity index is up 2.3 percent this month. The real slid 0.5 percent to 2.2950 per dollar.
U.S. index futures fell after a report from the Commerce Department showed the country’s gross domestic product rose at a 1.7 percent annualized rate in the second quarter, after a 1.1 percent gain the prior quarter. The median forecast of 85 economists surveyed by Bloomberg called for a 1 percent advance for last quarter.
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