Ibovespa Falls as Commodities Decline Pushes Vale, Fibria Lower

The Ibovespa fell for the third time in four sessions as raw-material producers including mining company Vale SA followed a drop in commodities, outweighing a rally by wireless carrier Tim Participacoes SA.

Restoque Comercio e Confeccoes de Roupas SA, the apparel maker that owns the clothing retailer Le Lis Blanc, sank after JPMorgan Chase & Co. cut its recommendation to the equivalent of sell. Pulp producer Fibria Celulose SA fell the most on the MSCI Brazil/Materials Index.