Brazil’s Stocks Fall as Budget Bill Delay Raises Reforms Concern

  • Companies that depend on domestic demand fall most on Ibovespa
  • Itau Unibanco and Ambev contribute most to decline of index

The Ibovespa fell, led by companies that depend on domestic demand, as the delay of a congressional vote on a budget bill raised concern that it may take longer than expected to rein in Brazil’s fiscal deficit.

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