Brazil stocks rise, real firms in choppy trade
SAO PAULO, Nov 25 (Reuters) - Brazilian stocks rose in early trading on Wednesday in choppy trade, as investors awaited a slew of data that could shed light on the state of the world's largest economy.
The benchmark Bovespa index .BVSP added 0.14 percent to 67,408.94 in morning trading, off the morning's highs but still on track to notch a third day of gains.
With the U.S. Thanksgiving holiday on Thursday, that country was set to release several indicators on Wednesday that would likely influence investor decisions globally.
Among early data releases were U.S. jobless claims, which showed a surprisingly large tumble to the lowest level in more than a year. [ID:nGEE5AO1RM]
"The market had opened to a slightly contained increase, but the jobless numbers helped push things up a bit," said Daniel Marques, an analyst with Agora Corretora.
But, he added, the day's trading would likely be volatile, depending on data coming from the United States.
By late afternoon, Marques said, he expected volatility to ease, as investors shy away from taking positions before a holiday.
Previous news had already heartened investors. Minutes released on Tuesday from the U.S. Federal reserved showed that policymakers see the dollar's recent decline as "orderly." [ID:nN24313828]
"What the market got out of it is that interest rates will stay low for awhile," said Hersz Ferman, an economist with Um Investimentos. "Right now, there's a mood abroad that's favorable for risk-taking." Continued...


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