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Technology Stocks : Semi Equipment Analysis

SOXX 306.04

0.0%

Dec 26 4:00 PM EST

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To: StanX Long who wrote (9947)	6/2/2003 3:36:06 AM
From: StanX Long	Read Replies (1) of 95640

Dollar up vs euro in Europe, eyes G8, stocks LONDON, June 2 (Reuters) - sg.biz.yahoo.com The dollar was up half a percent on the euro in early European trade, helped by a positive outlook for U.S. stocks, reports a G8 summit of world leaders would discuss currencies and an on-going technical rebound. Delegates had said earlier European leaders and Japan requested a discussion of currency volatility at the G8 meeting in France since the dollar's sharp fall against the euro posed a new hurdle to reviving their anaemic economies. A G8 source later said the summit had no plans for a declaration on currencies, but traders said this did not mean the issue would not come up in discussions. The dollar was also helped by Friday's strong rise on Wall Street, giving the Standard & Poor's 500 and Dow Jones industrial average their third up month in a row and the tech heavy Nasdaq a four-month winning streak. With stock futures pointing to another higher start on Wall Street, the dollar was up half a percent at $1.1702 per euro. It was down a third of a percent on the yen but had traded around four-week highs above 119.60 yen in Asian trade. Key data include the U.S. Institute of Supply Management (ISM) survey for May at 1400 GMT, expected to read 47.6, according to a survey of economists by Reuters. The ISM index read 45.4 in April. For full report on major currencies click on [FRX/] For previous updates on currency moves click on [USD/-M]

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