Monday, 02 July 2007

Japan's Nikkei 225 Average Climbs; Commodities-Related Shares Pace Advance

(Bloomberg) -- Japan's Nikkei 225 Stock Average
climbed, paced by commodities-related shares such as Nippon Oil
Corp., after the price of crude rose to a 10-month high and a
measure of six metals traded on the London Metal Exchange climbed
the most in two weeks.

JFE Holdings Inc. led declines by steel companies on concern
higher costs and overproduction will erode profits. The Bank of
Japan's quarterly Tankan survey that was released yesterday
showed sentiment among steelmakers slid to 38 points from 46 at
the last survey.


Read more at Bloomberg Stocks News

No comments: