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Brazil's Bovespa stock index rose on Monday after favorable earnings reports, extending a run of gains. The index closed out its fifth straight month of gains.
The text also mentions capital inflows tied to an amnesty program for undeclared funds held abroad.
Equity moves in Brazil reflect investor sentiment toward the domestic economy and the currency, with limited direct effect on feed commodity supply or demand.
reuters.comNov 1, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Brazilian equity gains and capital inflows tied to the repatriation amnesty program increased USD supply and risk appetite, which would support a real appreciation, though the direction of the 2.16% move is not given.
