Friday, June 1, 2007

GLOBAL MARKETS-Stocks gain on strong U.S. economic data

(Reuters) - European stocks also climbed to the highest level in more
than six years on merger news and the outlook for U.S. growth.
However, bonds fell, pushing benchmark yields to nine-month
highs, as Friday's economic figures all but obliterated
expectations of an interest rate cut this year from the Federal
Reserve.




Oil prices rose above $69 a barrel on reports of refinery
problems in the United States.


Read more at Reuters.com Bonds News

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