Monday, July 2, 2007

Stocks race up, dollar weakens on rate outlook

(Reuters) - Japanese government bonds tracked a rise in U.S. Treasuries, although gains were limited as investors waited on an auction of 10-year notes and eyed a likely Bank of Japan interest rate hike as early as August.




Tokyo's Nikkei average rose 0.3 percent by the midsession, although traders said volumes were low. MSCI's broadest index of shares elsewhere in Asia hit an all-time high earlier and by 0214 GMT was up 1 percent.


Read more at Reuters.com Hot Stocks News

No comments: