Latin American stocks fell on
Thursday as investors took a breather following a rally that
drove shares to their highest levels in three months.
Brazilian stocks reversed early gains as the benchmark
Bovespa index faced resistance near 59,200 points, while Mexican
shares edged lower for the third straight day.
The MSCI Latin American stock index dipped
0.2 percent to 3,678 points. The index had risen nearly 7
percent over the previous 10 sessions, fueled by hopes that
European Central Bank (ECB) action would help quell the euro
zone debt crisis.
ECB governing council member Christian Noyer said on
Thursday that the central bank is determined to bring down the
excessive borrowing costs weighing on Spain and Italy and should
be ready to intervene decisively in bond markets "very soon."
The Tadawul All-Share Index (TASI) reflecting an upward march throughout the week ended in the green territory at 7,363.13 poi
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