Tuesday, June 5, 2007

Brazil Stocks Slide on U.S. Interest Rate Concern: Latin American Equity

(Bloomberg) -- Brazil stocks fell for a second day
after stronger-than-expected growth in the U.S. pushed up bond
yields and spurred concern the Federal Reserve will raise rates.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange fell 527.74, or 1 percent, to 52,714.74 as of 12:30 p.m.
New York time, led by mining company Cia. Vale do Rio Doce.
Mexico's Bolsa index retreated 243.44, or 0.8 percent, to
31,852.77 after setting a record yesterday.


Read more at Bloomberg Stocks News

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