Bovespa Falls Most in Two Months on Egypt, Inflation Concern
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The Bovespa stock index fell the most in two months, posting its second weekly decline, as unrest in Egypt intensified and on concern rising Brazilian inflation will limit earnings growth. The real weakened for a second day.
Marfrig Alimentos SA, Latin America’s second-largest beef producer, fell the most on the index, dropping 6.1 percent. Lojas Americanas SA, Brazil’s biggest discount retailer, tumbled the most since May. Banco Bradesco SA, Brazil’s second-biggest bank by market value, led declines for financial shares, adding to a four-day slump for the industry.