Around the World's Markets: Sao Paulo

BRAZILIAN SHARES traded higher yesterday, with investors cheered by the performance of Wall Street and Wednesday's appointments to the board of the Brazilian central bank. "These nominations help alleviate market anxiety", said one stock broker. In afternoon trade, the benchmark Bovespa index was up 207.31 points - or 2.34 per cent - at 9060.52.

Sentiment was also buoyed by stability in the foreign exchange market, where the real was holding its value at around 1.9 to the dollar.