Brazil stocks higher on recovery views, real firms

SAO PAULO, Nov 11 (Reuters) - Brazilian stocks rose on Wednesday as stronger-than-expected Chinese industrial data stoked appetite for riskier emerging market assets and reinforced investor optimism about a global economic recovery.

Brazil's benchmark Bovespa index .BVSP added 0.81 percent to 66,839.27 in morning trading, on track to book a third straight day of gains.

Brazil's currency, the real (BRBY), strengthened 0.47 percent to 1.709 per dollar as the greenback hit a 15-month low against the major currencies.[ID:nLB194707]

Chinese factory output growth surged to a 19-month high in October. China, the world's third largest economy and a voracious commodities consumer, is widely considered a driver in a global economic recovery. [ID:nPEK212006]

"People want to take on risk," said Carlos Camacho, a fund manager with GAP Asset Management in Rio de Janeiro, said on the Chinese industrial data. "There's a more positive feeling as the year draws to a close."

Chinese industrial growth surged 16.1 percent in the year to October, easily beating market forecasts of 15.5 percent growth.

The lower dollar and news from China also pushed raw materials higher. The 19-commodity Reuters-Jefferies index .CRB rose 0.58 percent, and crude oil CLc1 climbed 0.83 percent.

Those gains helped companies in Brazil, including oil producer Petrobras and mining giant Vale, the two most heavily-weighted stocks in the Bovespa index.

Petrobras (PETR4.SA) climbed 1.07 percent to 37.81 reais. The company is slated to report third quarter earnings on Friday. Bradesco expects "strong results" on the back of exports, domestic sales volumes and higher oil prices, noted a report dated Wednesday.