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Market Update : 
Bonds and Oil Drive Global Stocks Lower
Author: 123jump.com Staff
123jump.com
Last Update: 6:20 PM EDT June 20 2007

In New York trading fall of aveerages accelerated in the last hours on rising bond yields and dragged brokers and banks. Worries related to sub-prime lending problems weakened trading sentiment. Oil retreated from its high, dragged energy stocks. European stocks closed up on takeover speculation. Germany closed at record high. Shanghai fell on three companies, including PetroChina, plan to sell $6 billion of stocks. Hong Kong closed at record for the third day in a row. Real fell in Brazil.

 

 

 
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