Ibovespa Climbs as Government Moves to Limit Spending Increases

  • Lender Banco do Brasil leads financial companies’ advance
  • Petrobras, Vale lead producers’ rally on commodity advance

The Ibovespa rose from its lowest level in almost two weeks after the government signaled stepped up efforts to trim a budget deficit, fueling optimism that lawmakers will support measures aimed at restoring the country’s finances.

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