Tuesday, July 24, 2007

Japanese Stocks May Slip as U.S. Shares Fall on Housing Concern, Yen Rises

(Bloomberg) -- Japanese stocks may slip after U.S.
shares fell the most in four months as earnings from the largest
mortgage provider in the U.S., Countrywide Financial Corp.,
prompted concern the subprime loan problem is spreading.

Toyota Motor Corp. and Matsushita Electric Industrial Co.
may lead declines by companies that get a large proportion of
their earnings from the U.S. market, aggravated by a stronger yen.


Read more at Bloomberg Stocks News

No comments: