Ibovespa Futures Advance as Gain in Metals Boosts Export Outlook

Ibovespa futures rose as an increase in metal prices improved the outlook for Brazil’s raw-material exporters including miner Vale SA.

Travel agency CVC Brasil Operadora e Agencia de Viagens SA may be active as first-quarter confirmed reservations rose 11 percent from a year earlier to 1.27 billion reais ($405 million). Power utility Cia. Energetica de Sao Paulo, known as Cesp, may move after Grupo BTG Pactual recommended selling the stock.

Ibovespa futures contracts due in April advanced 0.3 percent to 53,965 at 9:52 a.m. in Sao Paulo. The Bloomberg Base Metals 3-Month Price Commodity Index added 0.5 percent. Commodity producers account for about one-fourth of the benchmark stock index’s weighting.

The Ibovespa entered a bear market Dec. 12 after falling 22 percent from last year’s high in September. Trading volume of equities in Sao Paulo was 6.1 billion reais Monday, according to the exchange. That compares with a daily average of 6.7 billion reais this year.

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