The Ibovespa is set for its best streak of monthly gains in four years after signs of faster growth in China boosted commodity producers and Eike Batista’s OGX Petroleo & Gas Participacoes SA rebounded from a record low.
Global stocks rose, extending a five-year high, and commodities gained as China’s economic growth quickened. Google Inc. jumped as much as 14 percent to a record above $1,000 on better-than-forecast earnings. Treasury 10-year note yields touched a 12-week low.
Henderson Global Partners, which manages $2.3 billion in property stocks, is targeting to raise as much as $100 million this year for a new fund that will invest in real estate investment trusts around the world.
Henderson Global Investors Ltd., the manager of $108 billion in assets, plans to build an office complex capped by a 34-story tower in the City of London financial district as developers tap the area’s burgeoning insurance market.
Stocks climbed around the world and copper rallied as manufacturing in China and Europe expanded and prospects of an imminent strike on Syria faded. The yen weakened, bonds declined and crude oil fell for a third day.
The tax regime that’s been the backbone of the Eurobond market since its inception 50 years ago is now threatened by the same regulatory overhaul driving corporate borrowers to issue bonds rather than take bank loans.