Brazil's Ibovespa jumped 1.21% to 170,370.38 on June 22, breaking off its floor as cheaper oil eased inflation worries and the big banks led the advance.
Key facts
Brazil’s Ibovespa index jumped +1.21% to close at 170,370.38 on Monday, June 22, a gain of more than 2,000 points.
The advance pushed the index back above 170,000 and lifted it off the support line it had defended for weeks.
Lower oil prices, after a weekend U.S.-Iran summit, eased inflation worries and lifted risk appetite.
The big banks led: Itau and Bradesco rose nearly 2%, Banco do Brasil about 1%.
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