The Ibovespa advanced, reducing a third weekly drop, as slower-than-forecast Brazilian inflation offset concern that the Federal Reserve will reduce U.S. stimulus that has buoyed emerging-market assets.
Ukrainian corporate bonds yielding at least double emerging-market peers are luring investors from Landesbank Berlin Investment GmbH to Otkritie Capital on speculation the selloff triggered by street protests will fade.
The iShares MSCI Emerging Markets Index exchange-traded fund jumped the most in three weeks after a better-than-estimated U.S. employment report outweighed concern the Federal Reserve will reduce economic stimulus.
The dollar gained after a report showed the economy added more jobs last month than forecast and the jobless rate fell to a five-year low, boosting speculation the Federal Reserve will reduce monetary stimulus next month.
U.S. stock futures rose, signaling the Standard & Poor’s 500 Index will snap a five-day drop, after American employers added more jobs than forecast. Commodities climbed, while Treasuries erased losses.
Ukrainian police sought to round up those it claims organized disturbances as anti-government protesters held out in freezing weather for a 15th day. The opposition was accused of obstructing talks to end the impasse.
Ukraine’s dollar debt due in June fell, set for a second weekly slide, on speculation the eastern European country’s risk of default is intensifying as the biggest street protests since 2004 continue and reserves slump.