Ibovespa futures surged as speculation policy makers in China and the U.S. will keep acting to shore up growth lifted metal prices, boosting the outlook for Brazilian raw-material producers.
OSX Brasil SA (OSXB3), the shipbuilder controlled by Eike Batista, may move after saying four board members resigned, including Eliezer Batista da Silva, the billionaire’s father. Insurance company BB Seguridade Participacoes SA (BBSE3) may be active after Credit Suisse Group AG rated the stock the equivalent of hold.
Ibovespa futures contracts expiring in August rose 2.4 percent to 46,315 at 9:21 a.m. in Sao Paulo. The real climbed 0.2 percent to 2.2605 per dollar. The Bloomberg Base Metals 3-Month Price Commodity Index added 2.2 percent. Commodities producers account for about 37 percent of the Ibovespa’s weighting.
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