LOS ANGELES (MarketWatch) -- Equities across Latin America rallied Monday, with a surge in resource-related stocks and an improved outlook for economic growth paving the way for Brazil's benchmark to finish nearly 3% higher.
Mexican, Chilean and Argentine stocks also climbed alongside those on Wall Street, where blue chips rose to their highest levels of 2009, drawing support from industrial and material issues.
Economists covering Brazil are, on average, more optimistic about recovery in Latin America's largest economy. A weekly survey released by the central bank showed economists raised their forecasts for growth in gross domestic product in 2009 and in 2010.
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2009-11-10
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