Thursday, May 24, 2007

Stocks, Treasuries dip on data, China warning

(Reuters) - U.S. Treasury prices dipped on Thursday after mixed U.S. economic data gave no firm evidence of the need for interest rate cuts, while global stocks fell following a warning about the overheated China market.

Oil prices rose to a nine-month high above $71 a barrel on concerns about supplies from Iran and U.S. stock futures were pointing to a softer start on Wall Street.


Read more at Reuters Africa

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