Wednesday, July 25, 2007

Brazil's Bovespa Falls, Led by Vale do Rio Doce, on U.S. Housing Slump

(Bloomberg) -- Brazil's main stock index fell for a
second day, led by mining company Cia. Vale do Rio Doce, after
weaker-than-expected U.S. home sales heightened concern the housing
slump will slow demand for Brazilian raw materials.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange fell 1,032.30, or 1.9 percent, to 54,762.27, extending
yesterday's 3.9 percent loss.


Read more at Bloomberg Stocks News

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