Brazil stocks rise; inflation expectations reduced

Market Watch reports that Brazilian stocks rose Monday, with the market aided by resource stocks as commodity prices recovered a portion of last week’s losses.

The market news is quoted as saying,

Brazil’s Bovespa equity index rose 0.3% to 64,621.97, though its gain was limited in part by an 11% tumble in shares of consumer-goods conglomerate Hypermarcas after the company posted a sharp drop in first-quarter profit to 32.9 million reals ($20.3 million).

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