(Bloomberg) -- Brazil's main stock index rose for a
third day, heading for the biggest weekly gain in three months, on
speculation that faster interest rate cuts by the central bank will
lead to increased company profits and spur investment in stocks.
The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange rose gained 898.52, or 1.7 percent, to 54,638.61 as of
12:15 p.m. New York time, led by Petroleo Brasileiro SA. The weekly
gain of 4.4 percent was the steepest since March 23. Mexico's Bolsa
index rose 0.8 percent to 32,271.87, eclipsing a June 5 record and
heading for a 2.9 percent weekly gain.
Read more at Bloomberg Stocks News
third day, heading for the biggest weekly gain in three months, on
speculation that faster interest rate cuts by the central bank will
lead to increased company profits and spur investment in stocks.
The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange rose gained 898.52, or 1.7 percent, to 54,638.61 as of
12:15 p.m. New York time, led by Petroleo Brasileiro SA. The weekly
gain of 4.4 percent was the steepest since March 23. Mexico's Bolsa
index rose 0.8 percent to 32,271.87, eclipsing a June 5 record and
heading for a 2.9 percent weekly gain.
Read more at Bloomberg Stocks News
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