Brazil’s Stocks, Real Gain as Temer Victory Fuels Recovery BetsBy and
New lower house speaker expected to support government agenda
Advance in commodities also boosts Ibovespa and currency
The Ibovespa advanced to its highest level in 14 months and the real climbed for a third day after an ally of Acting President Michel Temer became the new lower house speaker, signaling Brazil’s interim government has a better chance of winning lawmakers’ support for a plan to pull the country out of recession.
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