Thursday, May 24, 2007

GLOBAL MARKETS-Stocks retreat on Greenspan warning, oil hits $71

(Reuters) - LONDON, May 24 - Global stocks dipped from record
highs on Thursday after former U.S. Federal Reserve chairman
Alan Greenspan said he expects a "dramatic contraction" in
booming Chinese shares, while oil jumped to a nine-month peak.




The euro sank to a session low against the dollar and the
yen after data showed German business confidence failed to rise
in May as economists had expected.


Read more at Reuters.com Bonds News

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