Wednesday, June 13, 2007

Brazil's Bovespa Gains on U.S. Sales, Led by Petrobras; Bancolombia Rises

(Bloomberg) -- Brazil's main stock index gained for
the third time in four days, boosted by a report that retail sales
in the U.S., the South American country's biggest trade partner,
rose the most in a year in May.

The Bovespa index of the most-traded stocks on the Sao Paulo
exchange rose 634.06, or 1.2 percent, to 52,431.20 as of 12:40 p.m.
New York time, after a 1.9 percent loss yesterday. Petroleo
Brasileiro SA, the state-controlled oil company, led the gain.


Read more at Bloomberg Stocks News

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