SAO PAULO, July 1 (Reuters) - Brazilian stocks rallied on Wednesday, bouncing back from losses in the previous session, and the country's currency jumped, fueled by stronger-than-expected June trade surplus data.
The benchmark Bovespa index .BVSP rose 1.4 percent mid-morning to 52,177 points, erasing Tuesday's 1.3 percent loss.
Helping lift the market were gains in heavyweight oil and mining companies, bolstered by rallying world commodities prices. U.S. crude oil futures jumped 2.6 percent and copper HGN9 rose 3.1 percent.
Click here to read more about Brazil stocking up on commodities.
