Economics
Bovespa Futures Decline as Economists Cut Brazil GDP Forecasts
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Bovespa futures fell, signaling the stock index may snap a five-day rally, amid speculation Brazil’s economic growth is cooling after economists cut their forecasts for gross domestic product expansion.
Cia. Brasileira de Distribuicao Grupo Pao de Acucar may move after Casino Guichard-Perrachon SA filed a second request for arbitration against the Diniz Group, which partly controls the retailer. MPX Energia SA and OSX Brasil SA may be active after Folha de S.Paulo said Eike Batista, their billionaire controller, is negotiating loans with Brazil’s state development bank for loans for the two companies.