Monday, 02 July 2007

Japan's Shares Gain, Led by Mitsui, Trading Houses, on Oil, Rating Call

(Bloomberg) -- Japanese stocks advanced for a third
day, led by trading companies such as Mitsui & Co., after the
price of oil climbed to a 10-month high and a brokerage gave the
company its most bullish recommendation.

Oil advanced 1.6 percent to close above $70 a barrel last
week. Mitsubishi UFJ Securities Co. initiated coverage of Mitsui
with a ``strong outperform'' rating.


Read more at Bloomberg Stocks News

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