Wednesday, July 4, 2007

Mexico Bolsa Gains on Outlook for Tax Legislation; Brazil Stocks Decline

(Bloomberg) -- Mexico's Bolsa index rose for a sixth
day as prospects improved for the passage of a tax measure that
could spur government spending on infrastructure and energy.

The main Bolsa index advanced 93.41, or 0.3 percent, to
32,211.24 as of 3:53 p.m. in New York. Brazil's benchmark Bovespa
index erased a 0.5 percent rally on concern inflation will
prevent the central bank from cutting interest rates.


Read more at Bloomberg Stocks News

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