Brazil’s real and stocks led declines among the world’s biggest markets as heightened political turmoil and data showing weakness in the nation’s top trading partner added to concern Latin America’s largest economy will falter.
The real posted the biggest slump among the world’s 16 major currencies, and the Ibovespa headed for its worst loss this year after a court ruling threatened to delay a resolution to efforts to impeach President Dilma Rousseff. Brazilian assets were also punished as a decline in China’s imports damped the outlook for the Latin American country’s exports and underscored the headwinds to global growth.
The real slumped 2.4 percent to 3.8658 per dollar at 3:33 p.m. in Sao Paulo, leaving it down 31 percent this year, the worst performance in emerging markets.
Brazil Energy Insight 
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