Wednesday, July 11, 2007

Brazil's Bovespa Gains, Led by Vale, on Nickel Price; America Movil Rises

(Bloomberg) -- Brazil's main stock index gained for
the third time in four days, led by mining company Cia. Vale do Rio
Doce, on speculation that accelerating growth in China will push up
prices for the country's raw materials.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange rose 390.68, or 0.7 percent, to 56,273.38 at 2:51 p.m. New
York time. Vale accounted for a quarter of the gain.


Read more at Bloomberg Stocks News

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