Ibovespa Posts Longest Rally in Six Years Amid Recovery Bets
- Economic team said to present stimulus measures in two weeks
- Food company JBS SA leads gains among consumer stocks
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The Ibovespa posted its longest rally since 2010 as investors tried to assess how successful Acting President Michel Temer and his economic team will be in pulling Brazil out of its deepest recession in a century.
Meatpacker JBS SA was the best performer on the index, and lender Banco do Brasil SA contributed the most to its advance. Health-plan provider Qualicorp SA extended a two-day rally after a report that private equity funds have plans to buy the company. Miner Vale SA slumped as commodities retreated.