Europe-listed Brazil ETFs jump to 9-mth high on impeachment vote

Banco Bradesco

18/04/2016 09:12

LONDON, April 18 (Reuters) - Brazil's London-listed exchange 
traded funds (ETF) jumped as much as 2.5 percent on Monday and 
companies' shares also rose after a parliamentary decision made 
it almost certain unpopular President Dilma Rousseff will be 
impeached. 
    The iShares MSCI Brazil  IBZL.L  gained 2.5 percent to 
1,641.00 pounds, the highest level since last July, while 
dollar-denominated London-listd ETFs rose almost 2 percent 
 HMBR.L   XMBD.L . 
    Brazilian American Depositary Receipts (ADRs) also advanced. 
Singapore-listed ADR for Brazil's Banco Bradesco  BBDEy.SG  
jumped 1.8 percent, while the Frankfurt-listed ADR for Brazil's 
state-run oil company Petroleo Brasileiro SA  PETy.F  climbed 
0.5 percent and Embraer's  ERJy.F  almost matched those gains.  
    On Sunday, Brazil's leftist President Rousseff suffered a 
humiliating loss in an impeachment vote in the lower house of 
Congress, and is now almost certain to be forced from office 
months before the nation hosts the Olympics.  urn:newsml:reuters.com:*:nL2N17L08H 
     
 
 (Reporting by Karin Strohecker) 
 ((karin.strohecker@thomsonreuters.com; +442075427262; Reuters 
Messaging: karin.strohecker.reuters.com@reuters.net)) 
 
Keywords: BRAZIL MARKETS/ETF