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"LOS ANGELES (MarketWatch) — Brazilian stocks rose Thursday afternoon, logging their eighth-straight session of wins as the country’s central bank indicated the key interest rate was poised to head even lower.

The Ibovespa equity index BR:BVSP +0.75% rose 0.8% to 62,953.06 after a holiday break in the previous session. The index caught up with gains in other markets on Wednesday when the U.S. Federal Reserve extended its pledge to hold key rates at historic lows by more than a year. "

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