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Bovespa Index advances most in two months as commodities rally

Posted on 11 October 2011

The Bovespa index rose the most in two months as prospects for a solution to Europe’s debt crisis lifted commodity prices and improved the outlook for Brazil’s largest companies.
Vale SA, the world’s largest iron-ore producer, advanced after metals reversed losses. Oil companies OGX Petroleo & Gas Participacoes SA and Petroleo Brasileiro SA followed crude higher. Lojas Renner SA, Brazil’s biggest publicly traded clothing retailer, paced advances for companies that depend on domestic demand even after economists raised their 2012 Brazil inflation forecasts……………………………………….Full Article: Source


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