* Brazil Bovespa up 0.31 pct, Mexico IPC flat
MEXICO CITY, Dec 6 (Reuters) - Brazilian stocks rose onFriday in line with global markets after better-than-expectedU.S. labor data boosted investor expectations of a strongerrecovery in the world's largest economy.
Mexico's IPC index was flat, while Chile's bourse dropped 0.61 percent.
Data on Friday showed U.S. employers hired more workersthan expected in November, with the jobless rate falling to afive-year low of 7.0 percent.
While the report helped boost expectations for a windingdown of the Federal Reserve's massive bond-buying program italso helped reassure investors that the U.S. economy would beable to continue growing with less stimulus, analysts said.
Brazil's benchmark Bovespa stock index rose for thesecond day in a row, adding 0.31 percent to 50,944.27.
Shares of BM&FBovespa SA, Brazil's only listedfinancial exchange, rose 5.53 percent, contributing most to theindex's gains. The stock had fallen 4.6 percent in the previoussession after the company said it lost an appeal against a fineimposed by Brazilian authorities over tax credits resulting fromthe merger that created the exchange.
Shares of state-run oil company Petroleo Brasileiro SA, known as Petrobras, fell 2.27 percent. The shutdownof Petrobras' REPAR refinery in Brazil's south after a Nov. 28explosion and fire will cut Brazilian fuel output by more than10 percent for about a month, a union representing workers atthe plant told Reuters on Thursday.
Petrobras plans to restart the refinery on Dec. 18, withfull operation coming about five days later, a fuel-industrysource said on Friday.
Mexico's IPC index was little changed, closing theweek down 1.35 percent - its biggest weekly drop in four weeks.
Shares of telecommunications firm America Movil fell 1.03 percent, while broadcaster Televisa dropped 0.23 percent. The two companies, which are seen likelyto be most affected by Mexico's telecoms reform, said onThursday the telecoms regulator has told them it is determiningwhether they are dominant players in the sector.
Chile's IPSA index ended the week down 2.17 percent- its biggest weekly drop since July - at 3,706.94 points.
It's 0.61 percent drop on Friday was due to a 1.15 percentfall in shares of retailer Falabella.
- Investment & Company Information