March 10, 2020 / 12:25 PM / in a month

Brazil stocks set for sharp rebound Tuesday, real jumps more than 1%

BRASILIA, March 10 (Reuters) - Brazilian stocks were poised to rise more than 5% at the open on Tuesday, according to futures market indications, recovering some of the previous day’s losses, the biggest one-day fall in over 20 years.

The Brazilian real rose more than 1% in early trading to 4.66 per dollar, lifted by the wider recovery in risk appetite and another $2 billion spot market central bank intervention carried out on Tuesday morning. (Reporting by Jamie McGeever, editing by Louise Heavens)

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