Brazilian Stocks Edge Lower

Brazil's benchmark Bovespa stock index was trading slightly lower below the 110,000 level on Wednesday, with investors balancing the course of the Transition PEC negotiations and worse-than-expected data for the Chinese trade balance.

At the same time, caution prevails ahead of the Copom decision later in the day, although Brazil's central bank is set to keep its benchmark rate at 13.75%.

Shares of companies related to the Chinese economy, such as those in the iron ore and steel sectors, are among the biggest losses.

Vale, with the largest share in the Ibovespa, drops more than 2% and exerts the greatest negative pressure on the index.