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Ibovespa Leads World Gains as Real Rises Amid Impeachment Wagers

  • Brazilian lawmakers push Rousseff closer to being ousted
  • Currency advances even after $8 billion record intervention
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Brazilian stocks led world gains and the real advanced amid speculation that President Dilma Rousseff is closer to impeachment.

The Ibovespa climbed to the highest level since July after a lower house committee voted in favor of Rousseff’s impeachment by a wider margin than originally forecast, setting the stage for a showdown when the full house convenes as early as Sunday. Meanwhile, the real rose for a third day even after a record $8 billion intervention by Brazil’s central bank to curb the currency’s rally.