Thursday, July 26, 2007

GLOBAL MARKETS-Risk aversion sweeps markets as credit fears grow

(Reuters) - Wall Street looked set for a poor start and European shares
dropped more than 1 percent. Risky currency trades also looked
subject to unwinding as the Japanese yen rose across the board.




Emerging sovereign bond spreads widened to 205 basis
points over U.S. Treasuries, the highest in almost eight months.


Read more at Reuters.com Economic News

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