Thursday, July 19, 2007

Japanese Stocks Rise on Earnings Expectations; JFE Jumps, Automakers Gain

(Bloomberg) -- Japanese shares advanced, with
steelmakers climbing for a fifth day on speculation they will
report better earnings for the quarter ended June.

Technology companies including Canon Inc. and Toshiba Corp.
advanced as well on expectations their profits will exceed
forecasts. They also gained after earnings from U.S. companies
continued to beat estimates, boosting confidence global growth
will enable domestic businesses to do the same.


Read more at Bloomberg Stocks News

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