Tuesday, May 22, 2007

Banks lead Asian shares higher

(Reuters) - The dollar held around a six-week peak against the euro, lifted by dwindling expectations that the U.S. Federal Reserve will cut interest rates later this year after surprisingly strong recent data on housing and manufacturing.




Brent crude hovered below $70 after estimates that inventories of the motor fuel have risen last week soothed concerns about U.S. gasoline shortages ahead of the summer driving season.


Read more at Reuters.com Hot Stocks News

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