Tuesday, May 22, 2007

GLOBAL MARKETS-Stocks little changed; oil off recent high

(Reuters) - NEW YORK, May 22 - U.S. stocks were little
changed on Tuesday as weak quarterly results of retailers
offset gains in casino shares on deal speculation, and Treasury
debt prices slipped as expectations for a Federal Reserve rate
cut waned.




The dollar hovered near a three-month peak against the yen
and close to a six-week high against the euro on the view that
stronger-than-expected U.S. economic data in recent weeks may
convince the Fed to leave interest rates at 5.25 percent.


Read more at Reuters.com Bonds News

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