Brazil Stocks Rise, Swap Rates Drop on Petrobras Fuel-Price CutBy and
Traders bet central bank may start easing cycle next week
Lower borrowing costs seen as boost to country’s recovery plan
Brazilian stocks advanced to the highest level in more than two years and short-term swap rates fell on speculation that the central bank may lower borrowing costs next week after Petroleo Brasileiro SA’s surprise fuel-price cut.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Gulf of Mexico Oil Spill May Be Largest Since 2010 BP Disaster
- Billionaire Tom Barrack Throws Harvey Weinstein a Lifeline
- Everything Is Crazy and the Markets Aren’t Freaking Out
- Facebook Is Looking for Employees With National Security Clearances
- Kushners’ Control of Family’s NYC Crown Jewel Is Now in Jeopardy