Monday, June 4, 2007

GLOBAL MARKETS-Stocks test peaks despite China fall, dlr firm

(Reuters) - U.S. Treasuries remained under pressure after Friday's strong non-farm payrolls data further dampened expectations of interest rate cuts from the Federal Reserve this year, while technical problems disrupted early bond trading in Europe.




Chinese stocks ended down 8.3 percent, extending last week's 4.3 percent fall, as investors continued to fret about a hike in stock-trading tax -- the latest move by authorities to cool a market that had nearly tripled in value in the past year.


Read more at Reuters.com Economic News

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