Latin American stocks falling early on

Most Latin American stocks fell in early trading Thursday in the wake of worse-than-expected economic data in the U.S. and despite a big interest-rate cut in Brazil.

Brazil's Ibovespa stock index fell 1.2 percent to 38,100 and Mexico's IPC index dropped 2 percent to 19,100, while Colombia's IGBC dipped 0.1 percent to 7,460 and Argentina's Merval index fell 0.8 percent to 1,054. Chile's IPSA index was up slightly, however, rising 0.1 percent to 2,473.

Analysts say Thursday's declines in Brazil were largely because the market had already priced in a rate cut. Brazil's central bank on Wednesday cut the benchmark …