Friday, May 25, 2007

Bovespa Rebounds After Brazil Selloff, Led by Vale: World's Biggest Mover

(Bloomberg) -- Brazil's main stock index rose for the
first time in four days, led by mining company Cia. Vale do Rio
Doce, after share price declines earlier in the week alleviated
concern that stocks had become too expensive.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange climbed 908.30, or 1.8 percent, to 51,438.95 at 3:18 p.m.
New York time, the biggest move among markets include in global
benchmarks. The index fell 3.6 percent the previous three days,
heading for its first weekly decline in a month.


Read more at Bloomberg Stocks News

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