Economics
Brazil’s Bovespa Rises to Highest Since April on China Profits
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The Bovespa stock index rose to the highest level since April as an increase in Chinese industrial profits boosted the outlook for economic growth in Brazil’s largest trade partner.
Vale SA, the iron-ore producer whose biggest export market is China, jumped to the highest price in five months. Homebuilder Gafisa SA, Brazil’s second-biggest homebuilder by revenue, rose the most in eight weeks after Valor Economico reported that billionaire Eike Batista is considering purchasing real-estate companies. Cosan SA Industria e Comercio, which shares control of the world’s biggest sugar-cane processor, gained for the first time in a week as sugar prices climbed.