Ibovespa Advances as Poll Shows Marina Silva Tied With Rousseff
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The Ibovespa rose for a third day as the first voter poll since presidential candidate Eduardo Campos died last week showed his running mate, Marina Silva, statistically tied with incumbent Dilma Rousseff in a runoff.
Meatpacker JBS SA advanced the most on the gauge after Deutsche Bank AG raised its recommendation to buy. Tim Participacoes SA climbed the most since May as parent Telecom Italia SpA was said to be preparing an offer of as much as 7 billion euros ($9.4 billion) to outbid Telefonica SA in the race to buy Vivendi SA’s GVT.