Brazil’s Stocks Gain to Four-Year High Ahead of Rate Meeting

  • Crude producer and miner are among best performers on Ibovespa
  • Kroton climbs as central bank expected to cut interest rates

The Ibovespa rose to its highest level in more than four years, joining a global rally, as commodity producers from oil giant Petroleo Brasileiro SA to iron-ore miner Vale SA followed gains in raw materials and the market braced for the first rate cut since 2012.

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