Ibovespa futures dropped as a decline in commodities dimmed the outlook for Brazilian raw-material exporters amid concern that global growth is faltering.
Food company BRF SA may move after Goldman Sachs Group Inc. raised its recommendation to buy. MRV Engenharia & Participacoes SA may be active after saying it plans to buy back as many as 20 million shares over the next year.
Ibovespa futures contracts due this month fell 0.4 percent to 51,645 at 9:05 a.m. in Sao Paulo. The real rose 0.6 percent to 2.2624 per dollar. The Bloomberg Base Metals 3-Month Price Commodity Index lost 0.8 percent before a report forecast to show growth in U.S. factory orders slowed. Commodity producers account for about one-third of the Ibovespa’s weighting.
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