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Commodities strength fuels Ibovespa rally beyond electoral trade
InfoMoney·BR·about 6 hours ago
Brazil's Ibovespa index opened 1.5% higher, crossing 188,000 points, while Brent crude futures hit a six-week high near $99 per barrel. The move suggests broad risk-on sentiment in Brazilian equities, likely supported by rising commodity prices. The sustainability of the rally is uncertain given external macro headwinds.