Economics
Brazilian Stocks Rise on Fed Economic Speculation; Real Gains
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Brazil’s Bovespa stock index advanced, rebounding from its first weekly decline since August, as investors speculated the Federal Reserve may announce further measures to bolster the economic recovery.
Cosan SA Industria & Comercio, the world’s biggest sugar- cane processor, jumped 3.1 percent after reporting preliminary quarterly sales that topped some analyst estimates. Petroleo Brasileiro SA, Brazil’s state-controlled oil company, gained as crude advanced above $83 a barrel.