Friday, June 22, 2007

Global stocks weaken on U.S. credit concerns

(Reuters) - U.S. stocks posted their biggest weekly decline in three months while investors fled to safe-haven U.S. government debt amid market uncertainty, snapping a six-week string of gains in the benchmark 10-year Treasury yield.




The dollar fell to a two-week low against the euro and a six-week trough against the British pound, as lower Treasury yields reduced their appeal to foreign investors.


Read more at Reuters.com Hot Stocks News

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