Photographer: Dado Galdieri/Bloomberg

Petrobras’s Advance Means Ibovespa Dodged Emerging-Market Slump

Updated on
  • 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.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.