Brazil Stocks Climb With Commodities, Politics as Foreigners Buy

Updated on
  • Petrobras and Vale contribute most to Ibovespa's advance
  • Foreign investors flock to Brazil assets on impeachment wagers

What's Driving Brazil's Rally? It's All About Commodities

The Ibovespa rose to a 10-month high as an advance in commodity prices boosted crude producer Petroleo Brasileiro SA and miner Vale SA, while bets on a change in government supported shares from companies that depend on domestic demand.

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