Brazilian stocks and the real led global losses on speculation that Latin America’s largest economy is struggling to put its finances in order and avoid a credit-rating downgrade to junk.
The Ibovespa tumbled 2.9 percent to 45,784.03 at 10:30 a.m. in Sao Paulo, bringing its monthly slide 9.9 percent. The real retreated 2.6 percent to 3.6762 per dollar. Brazil’s bond risk, as measured by credit-default swaps, jumped to a six-year high.
Brazil Energy Insight 
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