Brazil’s Stocks Extend World-Beating Gain as Rousseff on Trial

  • Lenders Itau, Bradesco contribute most to Ibovespa’s advance
  • Optimism of government change lifts state-controlled companies

Brazil’s Ibovespa posted the world’s biggest year-to-date gain as investors bet that President Dilma Rousseff will be permanently removed from office this week, giving legitimacy to a new administration that has pledged to shore up the country’s finances and restore growth.

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