Ibovespa Futures Climb as Gain in Metals Boosts Export Outlook
May 28, 2014 by Avila Capital Markets, Inc.
Ibovespa futures advanced, after Brazil’s benchmark stock gauge fell yesterday to a four-week low, as gains in metal prices improved the outlook for the nation’s raw-material exporters.
Banco do Brasil SA and Itau Unibanco Holding SA may move as the supreme court is scheduled to rule on a case in which depositors sued lenders over savings-account losses related to government policies to curb hyperinflation in the 1980s and 1990s. Banco Bradesco SA may be active after Citigroup Inc. cut its recommendation on the stock to the equivalent of hold.
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