Ibovespa Futures Rise as Commodities Gain Bolsters Export View

Ibovespa futures advanced as commodities rallied, bolstering the outlook for Brazil’s exporters of raw-materials.

Toll-road operator EcoRodovias Infraestrutura & Logistica SA may move after Morgan Stanley cut its recommendation on the stock to the equivalent of hold. Fleury SA (FLRY3) may be active as three people familiar with the matter who asked not to be named said private-equity firms Carlyle Group LP and KKR & Co. are negotiating to buy the medical-services provider.

Ibovespa futures contracts expiring in February rose 0.2 percent to 51,050 at 9:24 a.m. in Sao Paulo after the benchmark index fell 0.6 percent last week. The real weakened 0.2 percent to 2.3817 per U.S. dollar. The Standard & Poor’s GSCI index of 24 raw materials increased 0.6 percent as crude rose today.

Brazil’s benchmark equity index declined 27 percent in dollar terms in 2013, the worst performance among the 20 biggest equity indexes tracked by Bloomberg, as policy makers boosted borrowing costs to curb inflation that exceeded the government’s target for a third consecutive year.

Trading volume of stocks in Sao Paulo was 9.52 billion reais on Jan. 3, compared with a daily average of 7.42 billion reais in 2013, according to data available from the exchange.

To contact the reporter on this story: Ney Hayashi in Sao Paulo at ncruz4@bloomberg.net

To contact the editor responsible for this story: Brendan Walsh at bwalsh8@bloomberg.net

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