Economics
Ibovespa Leads World Gains as Real Jumps on Election Poll
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Brazilian stocks and the real rose the most among major counterparts as an election poll showed President Dilma Rousseff’s lead narrowed amid slower growth.
The Ibovespa climbed 2.5 percent to 57,012.90 at the close of trading in Sao Paulo as state-run oil producer Petroleo Brasileiro SA jumped to an eight-month high. The real rose 1.4 percent to 2.2262 per U.S. dollar, the most among 31 major currencies tracked by Bloomberg. Swap rates, a projection of interest-rate moves, declined nine basis points, or 0.09 percentage point, to 11.20 percent on the contract maturing in January 2017.