Sunday, May 20, 2007

Japanese Stocks May Advance on U.S. Confidence, Yen; Sharp May Lead Gains

(Bloomberg) -- Japanese shares may advance after U.S.
consumer confidence unexpectedly rose this month and the yen
weakened against the dollar and euro. Sharp Corp may lead gains
by exporters.

The Standard & Poor's 500 Index posted the longest weekly
streak of gains since 2004. The U.S. is Japan's largest overseas
market and a weaker yen means Japanese exporters get more for
their overseas sales when they are converted back to local
currency.


Read more at Bloomberg Stocks News

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