(Bloomberg) -- Latin American stocks rose within a quarter percentage point of a record, led by Brazil's Petroleo Brasileiro SA, on speculation that a cut in U.S. borrowing costs will spur demand for the region's exports.
The Morgan Stanley Capital International index of Latin American stocks rose 1.3 percent to 3481.81, heading to a gain of 1 percent for the week and 0.2 percent below its May 9 record of 3489.74. Brazil's Bovespa index rose 785.81, or 1.6 percent, to 51,020.49 at 1:45 p.m. New York time. Mexico's Bolsa index rose 366.59, or 1.2 percent, to 30,020.41.
Read more at Bloomberg Stocks News
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