Stock markets in Latin America fell today on lower oil prices and slower economic growth in Brazil. Bovespa in Brazil was down 0.6% and currency Real fell more than 1% on 1Q GDP rate of 2.9% vs. 3.5% estimates. The government also lowered 2004 GDP growth rate to 4.9% from 5.2% after Telecom authority revised the revenue for the wireless segment of the industry.
