Brazilian Stocks, Real Rally as Traders Root for Impeachment

  • Lula detained during Brazil police raid into graft scandal
  • Bradesco, Itau, Petrobras contribute most to Ibovespa's gain

Former Brazil President Lula Detained in Probe

Brazil’s stocks led world gains and the real rallied as traders bet that a change in government may be closer than ever after months of political gridlock that has prevented lawmakers from focusing on kick-starting the stalled economy and closing a crippling budget gap.

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