Brazil Bovespa Falls on Politics; Mexico Falls: Latin Stocks
Brazil’s main equity index fell for the first time this week, led by state-controlled oil company Petroleo Brasileiro SA, on concern further revelations from a probe into alleged vote-buying may weaken the government.
The Bovespa index of the most-traded stocks on the Sao Paulo Stock Exchange fell 555.25, or 2.1 percent, to 25,364.70 at 1:22 p.m. New York time. The Bovespa gained 3.9 percent for the week, boosted by a poll Tuesday that showed President Luiz Inacio Lula da Silva’s approval rating rose in June, easing concern he would lose support over allegations his party paid lawmakers for votes.
More: bloomberg.com
Mexicos Stock Index Falls on Political Concern: Latin Stocks
Mexicos stocks fell for a third day on concerns a Felipe Calderon administration would lack support in Congress to pass legislation opening the energy industry to private investment and keeping the budget balanced.
The Bolsa index fell 136.30, or 0.7 percent, to 19,563.85 as of 3:56 p.m. New York time, led by Wal-Mart de Mexico SA, Latin Americas largest retailer. Elsewhere in the region, Brazils Bovespa rose 403.66, or 1.1percent, to 36,544.30.
Mexicos Bolsa last week rose the most in three months after a second vote tally from the July 2
Mexico's Bolsa Falls for Week on Profit Concerns: Latin Stocks
Mexico's Bolsa index fell, heading for a second straight weekly decline, on concern that earnings growth may slow and the government may become less favorable to investors after this year's election.
Mexico's Bolsa fell 319.21, or 1.7 percent, to 18,199.12 at 2 p.m. New York time, and has fallen 3.6 percent for the week. Cemex SA, the world's third-largest cement maker, led today's decline. Brazil's Bovespa rose 92.96, or 0.3 percent, to 36,975.27, paring its decline for the week to 0.8 percent.
``You are starting to see opinions that emerging
Mexico's Bolsa Falls on Interest Rates Concern: Latin Stocks
Mexico's benchmark stock index fell for a third day after an employment report from Washington spurred concern higher rates will slow the economy in the U.S., the biggest market for Mexican exports.
The Mexican Bolsa fell 186.60, or 1.3 percent, to 14,425.62 as of 2:51 p.m. New York time, reducing the gain in the week to 0.1 percent. Elsewhere in the region, Brazil's Bovespa was little changed, falling 26.54, or 0.1 percent, to 26,443.36.
Employers in the U.S. added 207,000 workers in July, the Labor Department said, exceeding the median economist estimate
Leader of largest Mexican labor union coalition dies
Leonardo Rodriguez Alcaine, the leader of Mexico's largest and most politically influential labor organization, died today at a hospital in Mexico City from a heart illness, union officials said. He was 86.
Rodriguez Alcaine served as secretary-general of the Mexican Workers' Confederation since the death in 1997 of Fidel Vazquez, the iron-fisted boss who dominated Mexico's union movement since the late 1930s.
Under Rodriguez Alcaine, the confederation maintained close ties to Mexico's former ruling Institutional Revolutionary Party, or PRI, which held the presidency from 1929 until President Vicente Fox's election in 2000.
When Fox addressed
Mexico Bolsa Falls on Shift to Brazil, Yields: Latin Stocks
Mexican stocks fell for a second day, led by America Movil SA, as investors sold Mexican stocks to increase positions in Brazil after Fitch raised the South American country's debt outlook.
The Bolsa index of the most-traded stocks in Mexico City fell 346.41, or 2.2 percent, to 15,098.96 at 1:15 p.m. New York time. Elsewhere, Argentina's Merval fell 37.44, or 2.3 percent, to 1606.52.
Mexican stocks extended their decline today after Fitch Ratings yesterday revised the outlook on Brazil's debt to ``positive'' from ``stable.'' Fitch rates Brazil BB-, three levels below
Brazil, Mexico Stocks End Down
Mexico and Brazil stocks slid Wednesday, pulled down by weakness in U.S. equities.
Traders said a late-session dip in the Dow Jones industrial average prompted some selling in Latin American markets.
The Dow lost 1.20 points, or 0.01 percent, to 11,102.51 after rising a total of 230 points the first two days this week.
Brazils benchmark Ibovespa stocks index ended 0.24 percent lower at 36,681 points in thin volume.
More : chron.com
Brazil, Mexico's Indexes Fall on U.S. Inflation: Latin Stocks
Brazil and Mexican benchmark stock indexes fell as higher-than-expected inflation in the U.S. raised concern interest rates may keep rising, reducing inflows to emerging markets.
Brazil's Bovespa index of the 57 most-traded stocks in the Sao Paulo stock exchange fell 514.20, or 1.7, to 29,727.41 at 2:13 p.m. New York time. The drop was led by state-controlled oil company Petroleo Brasileiro SA. In Mexico, the Bolsa fell 158.93, or 1 percent, to 15,123.80, led by America Movil, Latin America's largest wireless telephone company.
``Inflation there raises fears of lower growth and
Stocks Close Higher in Argentina, Lower in Mexico, Brazil
Latin America's three major stock markets closed mixed on Monday.
The Buenos Aires stock market closed with the Merval index up by 1.42 percent and ended at 1,550.96 points. The trade volume was 14 million U.S. dollars.
Mexico City's stock market IPC index dropped 0.14 percent and closed at 17,776.88 points. A total of 6.4 million shares were traded at 10.7 million dollars.
In Sao Paulo, Latin America's biggest bourse, the leading Bovespa index closed at 33,297 points, down 0.10 percent. The trade volume was 192 million dollars.
More: blackenterprise.com
Stocks close higher in Mexico, lower in Argentina, Brazil
Latin America's three major stock markets closed mixed on Friday.
Mexico City's stock market IPC index rose by 0.77 percent and closed at 16,879.37 points. A total of 61 million shares were traded at 102.1 million US dollars.
The Buenos Aires stock market closed with the Merval index slightly down by 0.11 percent and ended at 1,629.63 points. The trade volume was 17.89 million dollars.
In Sao Paulo, Latin America's biggest bourse, the leading Bovespa index closed at 31,920 points, down by 0.08 percent. The trade volume was 470.2 million dollars.
More: english.people.com.cn
Cascada Cola de Caballo (Horsetail Falls): Monterrey
"Horsetail Falls", a 25 meter waterfall, is six km up a road leading west off the national highway at the south end of El Cercado. You can park at either the hotel or continue up the rod a few meters to the main entrance to the falls. After parking and paying admission, you can begin the scenic walk (or ride a donkey cart) to the falls. You can walk until cascades (almost one mile) from the entrance or can rent a cart thrown by a horse or mounting to horse. You can acercarte