The Ibovespa halted its longest rally in nine months as investors awaited government measures aimed at pulling Brazil out of its deepest recession in a century. BM&FBovespa SA, the operator of the local exchange, was the worst performer among financial stocks. Air carrier Gol Linhas Aereas Inteligentes SA declined after a measure of profitability dropped. Miner Vale SA contributed the most to the benchmark equity index’s slump as commodities retreated. Brazilian stocks joined a global slide Tuesday on speculation that the advance that added $4.6 trillion to equities worldwide in the past three weeks was exaggerated. While worse-than-expected corporate earnings raised a red flag in Europe, speculation over the next steps of Acting President Michel Temer’s plan to restore growth fueled caution in Brazil’s markets. The economic team is said to present stimulus measures to the head of the nation in two weeks, according to a source that participated in a cabinet meeting this afternoon and asked not to be named as the discussions are not public. “It’s been a very intense cycle of gains, so investors are now giving their strategies a second thought, considering that there are a lot of uncertainties regarding the prospects for Brazil,” said Jason Vieira, chief economist at Infinity Asset Management in Sao Paulo. The Ibovespa fell 0.1 percent to 56,461.24 at 1:32 p.m. in Sao Paulo. Twenty-six of its 59 stocks dropped, and trading volume of stocks was 14 percent above the 30-day average for this time of the day. BB Seguridade lost 0.8 percent, Gol dropped 3.6 percent and Vale declined 3.3 percent. State-controlled oil producer Petroleo Brasileiro SA, known as Petrobras, rose 2 percent after saying its board will discuss bids for its gas distribution unit in a meeting. Brazil’s stocks are posting the best rally this year on optimism that Temer, who replaced Dilma Rousseff as she faces an impeachment trial for allegedly breaking budget laws, will be able to shore up the country’s finances and restore growth. Short bets on iShares MSCI Brazil Capped ETF, traded in New York, fell to the lowest since February 2013.