Wednesday, June 20, 2007

GLOBAL MARKETS-World stocks rally on hunt for risk, yen soft

(Reuters) - In the absence of market moving U.S. data on Wednesday,
investors will focus on speeches by Federal Reserve officials
and movements in oil prices -- which fell from this week's
10-month high -- for their impact on risk appetite.




Soft U.S. data over the past week has erased expectations
for a growth-dampening U.S. interest rate hike, which was
triggered by a jump in bond yields earlier this month.


Read more at Reuters.com Bonds News

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