Brazil Bovespa Tumbles to a 4-year Low

Dear PGM Capital Blog readers, On Tuesday, July 2nd 2013, the Brazilian BOVESPA-5o, Index, tumbled 2000.64 point or 4.24% to close at a 4-year low of 45,228.95 points, after weak industrial output data darkened the outlook for Latin America’s largest economy, as can be seen from below chart. Highlights: Shares of mining firm Vale SA, (NYSE: VALE) led losses, sinking 4.3[…]