Brazil stocks, currency fall with external spaces after U.S. data

The bag and Brazil's currency fell on Wednesday, affected by external mood after disclosure worse-than-expected U.S. retail sector. The benchmark index of the Bolsa de Valores de Sao Paulo, the Bovespa, lost 0.32 percent to 63479.46 points, which returned some of the gain of 1.15 percent on Tuesday.

The financial remittance of the session was 4,700 million reais (U.S. $ 2.664 million), below the average of 6,500 million reais verified so far this year. July was the month with the rotation of the Bovespa in the year, with an average of 5,100 million reales to the 13th. In May the busiest month so far this year, the average transaction amounted to 7,300 million reais. "Today the market continued movements outside a lot," said Newton Rosa, chief economist at SulAmérica Investimentos.

"The outside was very volatile. At one point (the influence) came from the results of companies such as Intel, which led the market in the morning. Then reported retail sales data (U.S.), which were lower than expected by the market, "he said. The U.S. retail sales fell 0.5 percent in June, more than expected.

Later, the Fed revised downward the estimate of economic expansion and projected growth of gross domestic product (GDP) up 3.5 percent in 2010. In the local market, shares of mining company Vale lost 0.65 percent to 38.30 reais, while Petrobras oil company closed about stability, to 27.30 reais.

The titles of the steel industry were the most influential in the fall of the index, most notably those of the Usiminas steel plant, which tumble down 3.08 percent. Some of the titles were the biggest gainers of local retailers, such as Lojas Renner, which jumped 4.47 percent.

The real, meanwhile, has depreciated 0.63 percent, affected by external suspicion after the release of the fall in U.S. retail sales.

The real closed trading at 1.762 / 1.764 per dollar in the interbank market, then recovered 0.68 percent on Tuesday. Globally, the dollar fell 0.34 percent against a basket of reference currencies. ($ 1 = 1.764 reais)