Sunday, May 6, 2007

Japan's Stocks Climb, Led by Canon, on U.S. Interest Rate Cut Expectations

(Bloomberg) -- Japanese stocks advanced, led by exporters including Canon Inc., on speculation that slowing U.S. jobs growth and wage increases will prompt the Federal Reserve to cut borrowing costs in Japan's biggest overseas market.

U.S. stocks climbed for a fifth straight week, the longest advance since October.


Read more at Bloomberg Stocks News

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