Friday, July 20, 2007

Mexico's Bolsa Posts Weekly Drop, Led by Cemex, on Earnings; Bovespa Falls

(Bloomberg) -- Mexico's main stock index fell and
headed for a second straight weekly decline, led by cement maker
Cemex SAB, on concern that slowing growth in the U.S. and domestic
economies will crimp profits.

The Bolsa index fell 1.5 percent this week, including a 0.8
percent decline today, to 31,884.88 at 2:05 p.m. New York time. The
index fell for the fourth time in five days after Caterpillar Inc.
said second-quarter profit fell 21 percent, as the U.S. housing
recession hurt demand for its construction equipment. Brazil's main
index headed for its first weekly decline in four.


Read more at Bloomberg Stocks News

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