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Bovespa stock index falls, adding to monthly decline, as commodities drop

Posted on 31 May 2011

The Bovespa stock index fell, adding to its third monthly decline this year, as commodities dropped and a report showed lending in Brazil expanded in April, spurring speculation that policy makers haven’t done enough to curb inflation.
Tam SA dropped after Bank of America Corp. said in a research note that the shares may decline 40 percent should its planned acquisition by Lan Airlines not be approved by Chilean antitrust authorities. Petroleo Brasileiro SA and Vale SA followed crude and metal prices lower……………………………………….Full Article: Source


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