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Brazil Stocks Hit New All-Time High

  • Investors expect pension reform to clear Congress this year
  • JPMorgan sees Brazil standing out in region on earnings growth

Brazil’s equity benchmark Ibovespa index reached a new all-time high on the back of expectations that an overhaul in the country’s social security system will be approved by Congress.

The index rose to 100,000 for the first time on Monday, pushing gains this year to 14 percent.