Message Font: Serif | Sans-Serif
No. of Recommendations: 2
From "Market Watch":

Equities fell Friday in Mexico and Chile, where investors exhibited caution ahead of next week's U.S. central-bank policy meeting and a raft of reports that should shed more light on the state of the U.S. economy.

Mexico's IPC index fell 1.4% to 27,500, led by a 6.1% drop in shares of cement maker Cemex (CX)
Chile's IPSA also fell, losing 0.8% to 2,651.75. But Argentina's Merval bucked the losing trend to close 0.9% higher at 1,990.46.

Investors have been watching for evidence of a sharp economic slowdown in the U.S. and assessing how that will impact the local business and economic environment.A rebound in global equities this week led more investors to rein in their expectations that the central bank would cut rates by 50 basis points with its Wednesday announcement. The Fed earlier this week made its first intermeeting rate cut since September 2001 in an apparent bid to bring the market and economy back from the brink.

UBS Pactual on Friday lowered its global economic-growth forecast for the year, following the broker's forecast for a recession in the first half of 2008. The broker forecast global real GDP growth at 3.6% in 2008, down from its previous outlook for growth of 4.3%. Such a decline would be "a significant departure from the robust expansion of the past four to five years," said Bruno Pereira at UBS in a note Friday.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.