BRASILIA, April 24 (Reuters) - Brazilian stocks rallied to their highest close in more than six months on Friday, as optimism about the world's largest economy boosted appetite for riskier assets and lifted the national currency.
Sao Paulo's main stock index, the Bovespa (^BVSP) rose 2.12% to 46,772 points -- its highest close since early October 2008 (see chart above). The index has gained nearly 25% so far this year, and almost 50% since the November bottom.
HT: Dennis Gartman, who writes in today's The Gartman Letter that "The world wants “stuff” and Brazil has “stuff” for sale."
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