Investment Figures of the Week

Investment Figures of the Week

A summer rally was building steam until Fed Chairman Alan Greenspan, in

congressional testimony, raised the possibility that the central bank would

have to hike short-term interest rates again later this year. Nonetheless,

Treasury bonds managed to hold on to about half their gains, and stocks

finished the week slightly in the black. The big gains were abroad. On the

Pacific Rim, stocks in Hong Kong were up 4.1%, and Australia, 5%. In Europe,

German stocks rose 4.1% and French equities, 3.5%.