SAO PAULO--Brazil stocks fell Thursday, accompanying global indexes, after real estate developer Brookfield Incorporacoes SA reported widening losses and as oil producer OGX Petroleo & Gas slumped ahead of earnings.

The Ibovespa index of most-traded stocks in Sao Paulo fell 0.6% to 55448 points, after closing at 55805 points Wednesday.

Brookfield reported Wednesday after markets closed that first-quarter losses widened to 48 million Brazilian reais ($24 million) from BRL16 million in the year earlier period. Brookfield fell 7.1% to BRL1.95, leading declines on the index.

OGX, controlled by Brazilian billionaire Eike Batista, posted the second-biggest decline, falling 6.3% to BRL1.65. The oil producer, which has been facing production problems at its offshore oil wells, reports first-quarter earnings after the close of markets Thursday.

Stocks opened lower, despite a decline in jobless claims in the U.S. However, Brazil's largest trade partner, China, reported an uptick in inflation to 2.4% in April from 2.1% in March, reducing the chances of Chinese authorities implementing measures to stimulate the economy. China imports mainly iron ore, soybeans and other raw materials from Brazil.

Iron-ore producer Vale SA traded at BRL33.15, up less than 0.1%, while state-owned oil giant Petroleo Brasileiro SA was up 0.2% to BRL19.29.

Leading airline Gol Linhas Aereas Inteligentes fell 0.4% to BRL12.14, despite an announcement at the start of the day that it had expanded its codesharing agreement with Delta Air Lines.

Write to Paulo Winterstein at paulo.winterstein@dowjones.com

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