Banks surged ahead on the expectations of steady rise in consumer spending. Unibanco rose 12%, Banco Itau added 9.3% and in Bradesco jumped 8.3%.

Vale, the largest iron ore mining company surged 5% to 65.53 real and Vivo, the largest mobile telecom operator added 6.3% to 11.80 real.

Asian Markets

In Tokyo Nikkei 225 Index closed lower 44.38 or 0.32% to 13,849.99, in Hong Kong Hang Seng index decreased 158.80 or 0.61% closed to 25,755.35. In Australia ASX 200 index lower 11.50 or 0.21% to close 5,595.40. In Malaysia KL Composite index decreased 3.79 or 0.30% closed to 1,279.86.

In South Korea Kospi Index increased 13.96 or 0.77% to close at 1,825.47, in Thailand SET index closed lower 1.18 or 0.14% to 832.45 and Indonesia JSE Index edged increased 0.99 or 0.04% to 2,304.52. Sensex index in India decreased 91.15 or 0.52% to 17,287.31.

Commodities, Metals, and Currencies

Crude oil decreased $1.08 to close at $114.55 a barrel for a front month contract, natural gas increased 5 cents to $10.89 per mBtu, and gasoline futures decreased 0.80 cents to close at 293.12 cents per gallon.

Gold decreased $11.70 in New York trading to close at $865.10 per ounce, silver closed down $0.048 cents to $16.59 per ounce, and copper for front month delivery increased 2.35 cents to $3.90 per pound.

Wheat futures decreased 7.50 cents in Chicago trading and closed at $8.01 per bushel. Sugar decreased 6 cent to $11.81 per pound. Soybean future closed up 20.50 cents to $13.14 a bushel.

Dollar edged lower and traded near record low against euro to $1.5613 and edged higher against yen to 104.023.

Yields on U.S. bonds decreased to 3.74% with 10 years of maturities and decreased 4.48% with 30-year of maturities.