Emerging-Market Stocks Rise on ECB Stimulus as Ibovespa Rallies
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Emerging-market stocks rose to a two-week high and currencies strengthened after the European Central Bank announced stimulus measures and as the U.S. released May payrolls data.
The Ibovespa rallied the most among the world’s biggest benchmarks as eroding voter support for President Dilma Rousseff stoked speculation that a new leader will do more to boost Brazil’s economy. Oil & Natural Gas Corp., India’s largest state-owned oil exploration company, jumped 11 percent. Taiwanese personal-computer maker Acer Inc. climbed the most since July. The Micex Index entered a bull market in Moscow as President Vladimir Putin met with his Ukrainian counterpart.