Brazil’s Bovespa Rises Most in Two Months on Bank Appointment

Brazil’s Bovespa stock index gained the most in more than two months on optimism the new central bank chief will further contain inflation and as consumer confidence rose to a record.

MRV Engenharia e Participacoes SA and Cyrela Brazil Realty SA Empreendimentos e Participacoes jumped on speculation policy makers won’t need to raise interest rates to tame inflation. OGX Petroleo & Gas Participacoes SA gained 1 percent after saying a well in the Parnaiba basin may produce 3.4 million cubic meters of gas a day.