RPT-UPDATE 2-Trichet: Hedge funds not irrationaly exuberant

(Reuters) - Asked whether the highly-indebted investment instruments
represented the same sort of "irrational exuberance" described
by then-Federal Reserve chief Alan Greenspan regarding the stock
market in the 1990s, Trichet said: "I would not repeat the words
of Alan."




Trichet said he supported a hands-off mechanism of
self-regulation for such funds, which would allow them to
determine benchmarks for the industry without the coercion of
regulators.


Read more at Reuters.com Government Filings News

Greenspan's China Stock `Contraction' Unraveling Economy Gets Minimal Risk

(Bloomberg) -- Even if former Federal Reserve
Chairman Alan Greenspan is right, the ``dramatic contraction''
he predicts for Chinese stocks isn't likely to infect the
international economy.

That's the conclusion of a number of international
economists and former government officials around the globe.
They say China's economy shows little correlation with its stock
market, foreigners are mostly excluded from owning shares and
Chinese participation is limited to less than 10 percent of the
population, reducing the effect of a bursting bubble.


Read more at Bloomberg Exclusive News

WEEKAHEAD-Emerging debt cautious on China, U.S. Treasuries

(Reuters) - Investors in riskier emerging market stocks and bonds were
unnerved by comments last week by former Federal Reserve
Chairman Alan Greenspan who suggested Chinese stocks were
overvalued.




In addition, the rise in U.S. Treasury bond yields in the
past week has attracted some investment flows out of emerging
debt markets.


Read more at Reuters.com Bonds News

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

Chinese Stocks Retreat in U.S. Trading After Greenspan Comments on Stocks

(Bloomberg) -- Chinese stocks fell in U.S. trading
after Former Federal Reserve Chairman Alan Greenspan said he was
concerned that equities in China might undergo a ``dramatic
contraction.'' China Petroleum & Chemical Corp. led the retreat.

The Bank of New York Co.'s China ADR Index, tracking the
nation's American depositary receipts, slid 0.6 percent to 370.96
as of 3:50 p.m. in New York. The index earlier rose as much as 1
percent.


Read more at Bloomberg Stocks News