March 13, 2020 / 12:29 PM / 22 days ago

Brazil stock futures point to 9.8% rise at open, real jumps 2%

BRASILIA, March 13 (Reuters) - Brazilian financial markets rallied strongly in early trading on Friday, as expectations of widespread global monetary and fiscal stimulus triggered a 2% rally in the real and a near-10% rise in stock market futures.

Brazil’s currency jumped more than 2% to 4.6810 per dollar, on course for its biggest rise in a year, and stock futures pointed to a 9.8% rise at the market open, a strong rebound from Thursday’s 15% fall, the steepest since 1998. (Reporting by Jamie McGeever; Editing by Catherine Evans)

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