Brazil's Ibovespa index ended 0.3% higher

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Source: Dukascopy Bank
Brazil shares climbed on Thursday as the slowdown in consumer prices increased pressure for central bank to cut interest rate. Ibovespa index added 0.26% or 162.53 points and finished at 63,691.18 with six of nine sectors posting gains. Retailers provided the main upside support for the index with Lojas Americanas gaining 2.3% and Lojas Renner advancing 0.9%. Home builder MRV Engenharia soared 3.7% while residential property company Rossi Residencial surged 2.8%. 

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