Brazil Stocks Lead World Gains as Real Climbs Amid Metals Rally
- Vale posts biggest advance since 2008 as iron ore rises
- Currency extends this year's increase, most in region
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Brazil’s stocks led global gains and the real advanced as the dollar’s slide lifted metals prices, bolstering the outlook for the nation’s exports.
The Ibovespa posted the biggest back-to-back advance since August as iron-ore producer Vale SA surged the most since 2008. Steelmakers Cia. Siderurgica Nacional SA and Gerdau SA jumped at least 9.7 percent. The real extended this year’s increase to 1.9 percent, the most among Latin American currencies.