IBOVESPA Stock Index Nears 90,000, Closes at Highest Mark Since March 10

Signs of recovery in the world's largest economies sustain investor optimism despite escalating trade tensions.

RIO DE JANEIRO, BRAZIL - The IBOVESPA, the main stock market index in Brazil, climbed 1.4 percent on Monday and closed at 88,620.10 points - its highest mark since March 10th, the last trading session before losing 90,000 points. On the investors' radar was optimism over the economic rebound, after positive figures from Chinese industries and the Euro Zone.

This week, China again showed robust economic figures. Released on Sunday night, the Chinese Industrial Purchasing Managers' Index (PMI) came in at 50.7 points, up from 50 points, which signals growth from activity contraction.

The result boosted Asian . . .

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