Bovespa Advances as Growth Outlook Outweighs Inflation Concern

Brazil’s Bovespa stock index rose for the first time in four days on speculation economic growth will boost companies’ earnings, overshadowing concern that inflation will spur higher borrowing costs.

Brookfield Incorporacoes SA, Brazil’s fourth-largest homebuilder by revenue, rose the most in three weeks. Cia. de Bebidas das Americas, Latin America’s largest brewer, gained for the first time in five sessions. The index’s advance was limited as OGX Petroleo & Gas Participacoes SA, the oil company controlled by billionaire Eike Batista, fell to the lowest price since August as crude slumped in New York.