Ibovespa futures climbed as slower-than-forecast inflation in Brazil eased concern that rising prices will hurt growth.
Power utility Cia. Energetica de Minas Gerais, known as Cemig, may be active as shareholders approved a 30.8 percent proposed bonus. Meatpacker Minerva SA may move after approval of a subsidiary in Chile.
Ibovespa futures contracts expiring in February advanced 0.3 percent to 51,750 at 9:33 a.m. in Sao Paulo. The real depreciated 0.1 percent to 2.3561 per U.S. dollar.
Swap rates, a measure of expectations for interest-rate moves, fell as the Getulio Vargas Foundation reported that wholesale, construction and consumer prices rose 0.60 percent in the month through Dec. 20, less than the 0.62 percent median forecast of economists surveyed by Bloomberg.
The Ibovespa has declined 27 percent in dollar terms this year, the worst performance among the 20 biggest equity indexes tracked by Bloomberg. The MSCI Emerging Markets Index has dropped 5.6 percent.
Trading volume of stocks in Sao Paulo was 3.74 billion reais yesterday, compared with a daily average of 7.44 billion reais this year, according to data available from the exchange.