Emerging Stocks Advance as Ibovespa Leads Global Gains
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Emerging-market stocks rose, following the longest weekly rally in a month, as state-controlled oil producer Petroleo Brasileiro SA led Brazil’s Ibovespa to the biggest gain among world equity indexes.
The MSCI Emerging Markets Index rose 0.2 percent to 1,004.15. The Ibovespa advanced to a four-month high as President Dilma Rousseff’s re-election bid lost support after almost three-quarters of those surveyed called for a change in policy amid slower growth. Petrobras climbed 6.6 percent. Russia’s dollar-denominated RTS Index fell the most among 94 gauges, while the ruble extended this year’s slide to 7.8 percent on concern the crisis in Ukraine will escalate.