Brazil Stocks Rise, Swap Rates Drop on Petrobras Fuel-Price Cut

  • 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.

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