(Bloomberg) -- Brazil's main stock index rose to a
record as the central bank signaled it may keep cutting interest
rates in half-percentage point increments this year.
The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange rose 587.74, or 1.1 percent, to 53,581.47 as of 12:05 p.m.
New York time, beating the June 1 high. Cia. Vale do Rio Doce, the
world's biggest iron-ore producer, led the gains.
Read more at Bloomberg Stocks News
record as the central bank signaled it may keep cutting interest
rates in half-percentage point increments this year.
The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange rose 587.74, or 1.1 percent, to 53,581.47 as of 12:05 p.m.
New York time, beating the June 1 high. Cia. Vale do Rio Doce, the
world's biggest iron-ore producer, led the gains.
Read more at Bloomberg Stocks News
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