Americas

LATIN AMERICAN MARKETS
Stocks fall as oil prices, U.S. jobless rate soar
By Carla Mozee, MarketWatch - Last update: 6:56 p.m. EDT June 6, 2008
LOS ANGELES (MarketWatch) -- Equities in Brazil and Mexico dropped Friday, with investors spooked by the combination of record-high oil prices and a surge in the U.S. monthly employment rate, spurring fears about recession.
The Bovespa fell 2% to 69,785.87, and Mexico's IPC fell 1.8% to 31,149.06. The Bovespa finished the week down 3.9% and the IPC lost 2.6%.
None of the 35 stocks that make up the IPC index finished higher Friday.

Brasil Bovespa - The Bovespa Index is a total return index weighted by traded volume and is comprised of the most liquid stocks traded on the Sao Paulo Stock Exchange. The Bovespa Index has been divided 10 times by a factor of 10 since January 1, 1985, those dates are:12/02/85, 04/14/89, 05/28/91, 01/26/93, 02/10/94, 08/29/8801/12/90, 01/21/92, 08/27/93, 03/03/97. Shares in Index displayed in Millions.