Wednesday, May 9, 2007

GLOBAL MARKETS-M&A talk, earnings boost shares; dlr awaits Fed

(Reuters) - LONDON, May 9 - Global share markets rallied on Wednesday as speculation of a mining mega-merger and strong company earnings cheered investors, while the dollar was steady ahead of an interest decision from the U.S. Federal Reserve.

The yield spreads of emerging market and corporate bonds over U.S. Treasuries tightened in further evidence of the appetite for riskier, higher-yielding assets, while commodities such as gold and oil were little changed.


Read more at Reuters.com Bonds News

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