Friday, May 4, 2007

GLOBAL MARKETS-Europe shares hit 6-1/2 yr peak, dollar up

(Reuters) - Oil was slightly higher, recouping losses made after concerns eased about disruptions to Nigeria's production, while gold was little changed, staying below $700 an ounce.

All eyes were on U.S. April payrolls data at 1230 GMT, which have been expected to show the U.S. economy generated 100,000 jobs. But a closely-watched derivatives auction showed investors may now be looking for a lower number, which could boost expectations of an interest rate cut this year.


Read more at Reuters.com Economic News

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