The Bovespa declined 1.3%, dragged down by shares of Petrobras PBR which in turn were weighed down by falling oil prices . Click to get this free report Petroleo Brasileiro S.A.- Petrobras (PBR): Free Stock Analysis Report Sanofi (SNY): Free Stock Analysis Report GlaxoSmithKline PLC (GSK): Free Stock Analysis Report Toyota Motor Corp Ltd Ord (TM): Free Stock Analysis Report Itau Unibanco Banco Holding SA (ITUB): Free Stock Analysis Report VALE S.A. (VALE): Free Stock Analysis Report BP p.l.c. A spike in yearly wage increases triggered inflationary concerns and boosted bond yields, leading to U.S. stocks entering correction territory.