Wednesday, June 20, 2007

GLOBAL MARKETS-European stocks chase Asia higher, yen soft

(Reuters) - In the absence of key U.S. data, investors are eyeing
speeches from Federal Reserve officials and the movement in oil
prices -- which have steadied off this week's 10-month high --
for the impact on investor risk appetite.




Risky assets are bid around the world as soft U.S. data over
the past week erased expectations for a growth-dampening U.S.
interest rate hike after a string of below-consensus data.


Read more at Reuters.com Economic News

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