Bovespa stock-index futures fell as commodities declined on concern Italy’s elections may reignite Europe’s debt crisis, curbing global growth and demand for Brazil’s exports.
State-controlled oil company Petroleo Brasileiro SA (PETR4) retreated in Frankfurt trading as oil reached a seven-week low in New York. Water utility Cia. de Saneamento de Minas Gerais may be active after reporting profit that beat estimates.
Bovespa-index futures slipped 0.4 percent to 56,520 at 9:08 a.m. in Sao Paulo. The real strengthened 0.1 percent to 1.9808 per dollar. The Standard & Poor’s GSCI index of 24 raw materials fell 0.91 percent after partial election results in Italy suggested former Prime Minister Silvio Berlusconi may have garnered enough support to deny victory to Pier Luigi Bersani, who campaigned to maintain the austerity program of outgoing Prime Minister Mario Monti
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