Brazil Stocks Fall as Bradesco, GPA Quarterly Results Disappoint

Updated on
  • Lenders contribute the most to decline of benchmark Ibovespa
  • Investors watching earnings for sign recovery on the way

The Ibovespa fell the most in three weeks as disappointing earnings reports from lender Banco Bradesco SA and retailer Cia. Brasileira de Distribuicao reignited fears that weak domestic demand will delay Brazil’s recovery from recession.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.