Ibovespa Falls as Surprise Brazil Retail Sales Drop Sinks Natura
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The Ibovespa declined the most in a week after a report that showed retail sales in Brazil unexpectedly decreased in December added to concern that growth is faltering in Latin America’s largest economy.
Banco do Brasil SA, the nation’s biggest bank by assets, led losses on the gauge after posting fourth-quarter earnings that missed estimates. Real-estate companies Gafisa SA and Brookfield Incorporacoes SA plunged. Cosmetics seller Natura Cosmeticos SA fell the most among retailers.