Late Wednesday trade in Latin America was dominated by strong ADRs of Petroleo Brasileiro SA (PBR) and Petrobras, with the country's Ibovespa index showing an impressive 2% rise, thanks to strong Chinese trade data and slower-than-expected domestic inflation figures. The benchmark IPCA index showed a 0.47% increase in Brazilian inflation during March, but this was below the median estimate of 38 economists surveyed by Bloomberg.