Sunday, 01 July 2007

Japan's Topix Rises, Led by Mitsui, Trading Houses, on Oil, Rating Call

(Bloomberg) -- Japan's Topix index advanced, led by
trading companies such as Mitsui & Co., after the price of oil
climbed to a 10-month high and a brokerage gave the company its
most bullish recommendation.

The price of oil advanced 1.6 percent to close above $70 a
barrel last week. Mitsubishi UFJ Securities Co. initiated
coverage of Mitsui with a ``strong outperform'' rating.


Read more at Bloomberg Stocks News

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