Key Facts
Brazil’s Ibovespa fell 1.23% to 175,546 points, its weakest close since the central bank’s latest interest-rate decision took the Selic to 14%
The real firmed 0.20% to 5.1104 per US dollar, bucking the equity market’s slide as the currency extended its recovery from 5.5901, its weakest level of the past year
Petrobras preferred shares edged up 0.5% on heavy turnover, after the oil major reported a 97% surge in second-quarter net income to R$52.4 billion on higher crude prices and volumes
Vale’s common shares dropped 1.7%, weighing heavily on the benchmark index as iron-ore sentiment softened on global demand uncertainty
