Ibovespa Futures Fluctuate as Inflation Slows, Unemployment Down

Ibovespa futures swung between gains and losses as inflation unexpectedly slowed to within the official target range and the unemployment rate fell.

For-profit college operator Estacio Participacoes SA may move after agreeing to acquire Ceut for 33 million reais ($12.7 million). Vale SA could be active as iron ore declined.

Ibovespa futures contracts due in December slid less than 0.1 percent to 52,425 at 9:51 a.m. in Sao Paulo after rising 0.2 percent. Brazil’s real fell 0.4 percent to 2.5943 per dollar.

The national statistics agency reported today that consumer prices climbed 6.42 percent in the 12 months through mid-November after a prior 6.62 percent increase. That compares with the 6.54 percent median forecast of economists surveyed by Bloomberg. The central bank’s target is 4.5 percent plus or minus two percentage points. The unemployment rate unexpectedly dropped to 4.7 percent in October from 4.9 percent.

Brazil’s benchmark stock index has fallen 16 percent from this year’s high in September as President Dilma Rousseff’s re-election Oct. 26 ended speculation that a victory for an opposition candidate would help to boost growth and reduce intervention in state-owned companies.

Trading volume of equities in Sao Paulo was 6.4 billion reais yesterday, according to the exchange. That compares with a daily average of 7.2 billion reais this year.

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