Bovespa Gains as Rousseff Vows to Fight ‘Plague’ of Inflation

Brazil’s Bovespa stock index rose to a six-week high after President Dilma Rousseff took office, pledging to contain consumer prices, and the prospect of slower Chinese inflation boosted the outlook for commodity producers.

Vale SA, the iron-ore producer whose top export market is China, gained the most in four months. Retailer B2W Cia. Global do Varejo climbed 3.5 percent, helping lead gains for companies that benefit from consumer demand, as traders reduced bets for higher interest rates after July. Rousseff, at her Jan. 1 inaugural speech, pledged to prevent the “plague” of inflation from undermining plans to eradicate poverty while fostering economic growth.