Bovespa Rises as Easing Credit Concern Propels Banks; OGX Gains
This article is for subscribers only.
The Bovespa stock index rose, rebounding from the biggest drop since November, on speculation the central bank may limit taking additional steps to cool the economy after consumer lending slowed last month.
Banco Santander Brasil SA led advances for financial shares after policy makers said measures to stem credit expansion are “effective.” OGX Petroleo & Gas Participacoes SA had the biggest three-day gain since May after Banco BTG Pactual SA said a well test signaled “very high productivity” for the oil driller.