Brazil Stocks in Longest Rally Since March on Political Outlook

  • Election of lower house head vital for economy recovery plan
  • Lenders Itau, Bradesco contribute most to Ibovespa’s advance

The Ibovespa gained for a sixth consecutive session, heading for its longest rally since March, amid speculation that Brazil’s lower house will elect a speaker who supports Acting President Michel Temer’s proposals to cut Brazil’s budget deficit.

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