Brazilian Stocks Rebound as Hypermarcas Rises on Rates Outlook

The Bovespa snapped a three-day losing streak after a central bank survey showing a lower growth forecast for Brazil’s economy spurred bets that policy makers will cut borrowing costs further to boost the recovery.

Consumer-goods maker Hypermarcas SA rose the most in two weeks, leading gains of companies that sell in the local market. Gafisa SA was the best performer among homebuilders as the BM&FBovespa Real Estate Index increased for a third day. Card-payment processor Cielo SA advanced after saying it completed the acquisition of U.S.-based Merchant e-Solutions.