Photographer: Dado Galdieri/Bloomberg

Petrobras’s Advance Means Ibovespa Dodged Emerging-Market Slump

  • Scenario for crude producer is very positive, according to UBS
  • Investors worldwide are monitoring odds of stimulus cutback

A rally in state-controlled oil producer Petroleo Brasileiro SA pushed the Ibovespa higher, allowing Brazil’s benchmark to avoid a rout that sent emerging-market stocks to their biggest drop in two months.

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