Ibovespa Futures Fall After Unemployment Rate Exceeded Forecasts

Ibovespa futures dropped as data showing unemployment in Brazil exceeded estimates dimmed the outlook for companies that depend on domestic demand.

Real-estate developer and manager BR Properties SA may move as Goldman Sachs Group Inc. recommended selling the stock. BM&FBovespa SA, which operates Brazil’s exchange, may be active after cutting its expense forecast for this year.

Ibovespa futures contracts due in October dropped 0.5 percent to 56,750 at 9:09 a.m. in Sao Paulo. The unemployment rate rose to 5 percent in August, the national bureau of statistics reported today. That’s above the median estimate of 4.9 percent among 19 economists surveyed by Bloomberg.

Brazil’s benchmark equity index has jumped 26 percent from this year’s low in March on speculation a new government will act to bolster economic growth and reduce intervention. Magazine Carta Capital may release today an election poll conducted Sept. 23-24 by Vox Populi. In the survey released Sept. 23, President Dilma Rousseff had 46 percent of voter support in the probable runoff of the October election, compared with 39 percent for opposition candidate Marina Silva.

Trading volume of equities in Sao Paulo was 6.3 billion reais yesterday, according to the exchange. That compares with a daily average of 6.8 billion reais this year.

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