Wednesday, May 23, 2007

GLOBAL MARKETS-Stocks rally on takeover talk, dollar slips

(Reuters) - NEW YORK, May 23 - Global stocks vaulted higher
on Wednesday, with more takeover talk driving the Dow Jones
industrial average and the Standard & Poor's 500 indexes to
record highs, while the dollar fell against the euro and
sterling as investors braced for higher European interest
rates.




Oil climbed above $70 a barrel in London after a United
Nations agency report said Iran had expanded its nuclear
program.


Read more at Reuters.com Bonds News

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