Bovespa Advances Led by Retailers as Rate Increase Seen Limited
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The Bovespa stock index advanced for a second day on speculation Brazil’s central bank will limit further interest rate increases after policy makers said the costs are too high to meet the inflation target this year.
Retailer B2W Cia. Global do Varejo led gains for companies that depend on domestic demand. Homebuilder Brookfield Incorporacoes SA rose after it said fourth-quarter net income climbed to 84.9 million reais ($51.7 million) from 51.6 million reais a year earlier.