Otavio Vieira and Petroleo Brasileiro SA

Petroleo Brasileiro SA: Oil producer Petroleo Brasileiro SA capped the longest losing streak since June after earlier swinging between gains and losses, pushing the 90-day volatility on the shares to the highest level since 2009. Utility Centrais Eletricas Brasileiras SA paced losses among state-run companies. Phone company Tim Participacoes SA rose for a second consecutive day, according to Business Week. Elections are just a few weeks away, and the uncertainty level is very high, Otavio Vieira, a partner at hedge fund Fides Asset Management, said by phone from Rio de Janeiro. The only thing that seems certain right now is that we ll have a runoff. The market will swing with polls until then and The Ibovespa dropped for a fifth straight day after a new voter poll showed President Dilma Rousseff statistically tied in a runoff with her main opponent in Brazils elections next month. The Ibovespa fell 0.5 percent to 56,540.50 at the close of trading in Sao Paulo, after gaining as much as 0.9 percent earlier. Brazils benchmark equity index has jumped 26 percent from this years low in March, the best performance in the span among major equity markets, on speculation a new government will act to bolster economic growth and reduce intervention. (news.financializer.com). As reported in the news.