Ibovespa futures dropped, following back-to-back losses for the equity index, after a report showing a decline in German business confidence rekindled concern that global economic growth may falter.
Electricity utility Cia. Energetica de Minas Gerais may be active after saying it shelved a plan to bid for an Isagen SA stake. B2W Cia. Global do Varejo, the online unit of Lojas Americanas SA, may move after UBS AG cut its recommendation to the equivalent of hold.
Ibovespa futures contracts due in August dropped 0.2 percent to 54,790 at 9:13 a.m. in Sao Paulo. The real was little changed at 2.2185 per dollar. European stocks and U.S.-index futures decreased after the Ifo institute’s business climate index declined to 109.7 in June, the lowest this year.
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