Wednesday, 13 June 2007

Brazil Stocks Advance on U.S. Retail Sales Gain: World's Biggest Mover

(Bloomberg) -- Brazil's main stock index gained for
the third time in four days, boosted by a report that retail
sales in the U.S., the South American country's biggest trade
partner, rose the most in a year last month.

The Bovespa index of the most-traded stocks on the Sao Paulo
exchange rose 1,205.42, or 2.3 percent, to 53,002.56 as of 3:30
p.m. New York time, the biggest move among markets included in
global benchmarks. Petroleo Brasileiro SA, the state-controlled
oil company, led the gain.


Read more at Bloomberg Stocks News

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