Monday, 04 June 2007

GLOBAL MARKETS-US stocks shurg off China, oil rises

(Reuters) - NEW YORK, June 4 - Wall Street shrugged off a
tumble in Chinese stocks as surging oil prices helped U.S.
energy shares on Monday, while government bonds recovered from
recent losses.




The dollar fell broadly, failing to extend the gains it
made on last week's robust U.S. jobs data as investors showed a
preference for currencies linked to rising interest rates. Gold
turned lower but only after hitting its highest since mid-May
on the dollar's losses.


Read more at Reuters.com Economic News

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