Friday, 20 July 2007

Mexico's Bolsa Posts Weekly Drop, Led by Cemex, on Earnings, U.S. Housing

(Bloomberg) -- Mexico's main stock index fell and
headed for a second straight weekly decline, led by cement maker
Cemex SAB, on concern that slowing growth in the U.S. and domestic
economies will crimp profits.

The Bolsa index fell 1.7 percent this week, including a 1
percent decline today, to 31,833.98 at 12:15 p.m. New York time.
The index fell for the fourth in five days after Caterpillar Inc.
said second-quarter profit fell 21 percent, as the U.S. housing
recession hurt demand for its construction equipment.


Read more at Bloomberg Stocks News

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