Sao Paulo Stock Exchange (Bovespa) showed on Tuesday signs of recovery following global tension over systematic falls which started in Asian markets last week.

According to Bovespas daily report, its benchmark index was up 4.95 percent, reaching 43,218 points, the highest rise on a day since May 25, 2006.

Some 3.5 billion reais (1.66 billion U.S. dollars) worth of stocks were traded on Tuesday, and the U.S. dollar reached 2.11 reais, down 0.84 percent.

Cosmetics manufacturer Natura was the only one of the 58 companies with stocks traded at Bovespa to remain in the red at the end of the day. Miner CVRDs and oil and gas company Petrobras stocks were up 7.73 percent and 3.81 percent, respectively.

The EMBI (Emerging Bond Markets Index) Brazil plunged 5 points to 196, according to J.P. Morgan. Firm Merrill Lynch also decided not to add risk to the classification of Brazil, choosing to expect more stability.

Source: Xinhua