The Ibovespa rose the most among the world’s biggest stock markets and the real posted its longest stretch of daily gains in four weeks after a poll showed a further drop in support for President Dilma Rousseff.
The Ibovespa fell for a second day as Brazilian raw-material producers dropped with commodities on speculation that the U.S. will start reducing monetary stimulus.
The Ibovespa declined for a second straight day as homebuilder PDG Realty SA paced losses among companies that depend on domestic demand after economists covering Brazil cut their growth forecasts.
The Ibovespa posted its first weekly drop since mid-March as Cia. Hering led a decline among consumer stocks, tumbling to the lowest since 2010 after its quarterly profit trailed analysts’ estimates.
"Expectations regarding the election have been the main reason for Brazilian stocks to gain in the short term."
- Alvaro Bandeira on Aug 25, 2014