Brazilian stocks are down for the second day in a row after weak U.S. jobs data raised doubts about recovery for the world’s biggest economy.
Sao Paulo’s Ibovespa was off 0.1 percent to 50,966 during the first hour of trading. Brazil’s currency, the real, also fell and stood at 1.95 reals to the dollar.
Friday’s losses came after the Ibovespa fell 1 percent during the previous session amid a broad sell-off for Latin American stocks.
U.S. payroll data released Thursday showed that American employers slashed 467,000 jobs in June — 100,000 more than anticipated.
Copyright 2009 The Associated Press.