Brazilian stocks rose on Tuesday, supported by shares of miners and steelmakers as iron ore prices broke a nine-day losing streak. China-listed iron ore future contracts eked out gains after falling for nine straight days. Concerns over economic growth in China, the world's top commodities consumer, had dragged iron ore prices to a one-month low following a sharp rally over the previous weeks.
Shares of miner Vale SA advanced 1.3 percent, adding the most points to Brazil's benchmark Bovespa stock index , while shares in steelmaker Cia Sider?rgica Nacional SA led the gains. Trading volumes were thin as traders refrained from making big bets during the year-end holiday season, with most Latin American currencies trading flat. The Colombian peso was the best-performing currency in the region, strengthening 0.3 percent as oil prices rose. Crude prices have gained support from a deal between Opec and non-Opec producers to cut output amid persistent global oversupply.
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