Brazil’s Bovespa-index futures declined with the equity gauge poised for its biggest monthly drop since May, after iron-ore producer Vale SA posted a record loss in the fourth quarter.
Prices for farmland in Brazil surged by an average 14% a year to nearly quadruple over the past decade, well outpacing inflation and nearly matching gains made by São Paulo's blue-chip Ibovespa stock index, a new study shows.
In spite of a slight gain in the last trading day of 2011 the Brazilian stocks benchmark index experienced an 18.1% decline in the twelve months on concerns that Europe's debt troubles could lead to another global recession.