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Article: Brazil : Bovespa Futures Rise on Growth Prospects; Petrobras Gains.
- Article from:
- TendersInfo
- Article date:
- September 30, 2009
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Brazil s Bovespa index futures advanced after economists raised their growth forecasts for next year.
Itau Unibanco Holding SA, Brazil s biggest non-state banks, may advance after Brazilian economists forecast Latin America s biggest economy will expand 4.5 percent next year, up from a previous forecast for 4.2 percent growth. Petroleo Brasileiro SA climbed on higher oil prices. Lojas Americanas SA, Brazil s biggest discount retailer may gain after it was rated buy in new coverage at Bank of America Corp..
Bovespa stock index futures rose 0.1 percent to 60,640 at 8:21 a.m. New York time. The Bovespa has jumped 61 percent this year on speculation a ...