Thursday, May 3, 2007

Brazil Bovespa Rises to 50,000, Led by Vale, Petrobras; Mexico Bolsa Gains

(Bloomberg) -- Brazil's Bovespa index rose, surpassing 50,000 for the first time, led by state-controlled oil producer Petroleo Brasileiro SA and iron ore miner Cia. Vale do Rio Doce.

The Bovespa index of the most-traded stocks on the Sao Paulo stock exchange rose 519.18, or 1.1 percent, to 49,990.72, at 11:05 p.m. after rising as high as 50,022.42. Mexico's Bolsa index rose 183.51, or 0.6 percent, to 29,443.43.


Read more at Bloomberg Stocks News

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