Brazil’s gravity-defying market surged on Thursday, as the only slightly more earth-bound Argentina followed not far behind.
Sao Paulo’s Ibovespa benchmark swept up 7% Thursday, leaving it up 17.9% this year, although it hasn’t fully recovered from a 35% dive from May to January. The Merval in Buenos Aires popped 3%, giving it a 10.1% gain this year. It tumbled 37% from November to January.