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Brazil Stocks on a High-IBOVESPA.SA

The Real and the Brazilian markets were up big on Thursday following an industrial output report. A strong report from the manufacturing sector of China, Brazil’s biggest trading partner, also boosted Brazilian assets. Brazil's Bovespa (IBOVESPA.SA) equity index closed up 1.1% at 71,136.34, its best finish since June 5, 2008. On Wednesday, the Bovespa closed above 70,000 points for the first time since mid-January, and finished the first quarter with a gain of 2.6%.

Overall, the Bovespa was up 5.8% in March

A Sao Paulo statistical agency also put a report showing data of continued recovery in Brazil. Industry stocks rose 1.5% this year and the consumer good industry also showed a strong boost. All reports show that Brazil industry is a good bet to keep growing, a positive trend is visible in all known reports and the country’s GDP is expected to have a 2% increase adjustment.

In Brazil's equity market, shares of TAM (TAM) climbed 7% on Wednesday. Brazil's largest air carrier swung to a fourth-quarter profit of 143.9 million reals ($80.8 million), aided by decreased financial and operating expenses. In the same period a year ago, it lost 1.23 billion reals.

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