Ibovespa Extends Best Month Since 1999 Amid Impeachment Wagers
- Brazil’s biggest party abandons Rousseff as ouster vote nears
- State-owned oil producer Petrobras rises for third session
Brazil’s Biggest Party Abandons Rousseff
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The Ibovespa extended its best monthly advance since 1999 after news that Brazil’s biggest political party formally left the governing coalition bolstered speculation that support for President Dilma Rousseff’s ouster will increase.
Lenders Banco Bradesco SA and Itau Unibanco Holding SA contributed the most to the rally in Brazil’s benchmark equity index. Car-rental company Localiza Rent a Car SA led gains among companies that depend on domestic demand.