* Report on China interset in Portuagl rescue bonds aid euro
* Oil erases gains; dollar weaker
By Ntasuko Waki
LONDON, May 26 - World stocks rose from a
interest in "bailout" bonds for Portugal.
Asian stocks rose 1.7 percent and Wall Street was set for a
restructure its debt capped gains.
"(The China story) fitted into better risk sentmient at that
in Copenhagen.
"This euro rally is very fragile and the euro is vulnerable
to what is going on in the euro zone."
The Financial Times quoted the head of the Eurpoean
auctioning them next month [ID:nL3E7GQ04]U.
However, ivnestors remain concerned about the possibility of
into the likes of Spain and Italy. [ID:nLDE74O1MZ]
"There are ognoing cocnerns about euro zone peripheral debt.
shaers. U.S. stock futures SPc1 were up around 0.2 percent.
Emerging stocks .MSCIEF gained 1.2 percnet.
The dollar .DXY fell half a percent against a basket of
major currnecies. The euro rose 0.7 percnet to $.14181 EUR=.
U.S. crude oil CLc1 fell 0.3 precent to .01 a barrel,
erasing eariler gains.
But losses were liimted on strong udnerlying demand for
level in seven weeks on Wednesday.
GREEK YIELDS RISE
The Greek govrenment is scrmabling to reslove a stadn-off
risk if it failed to agree to sacrifices. [IDn:LDE74O1MZ]
Greek two-year yields rose 43 basis points to 26.9 percnet
ES10YTT=WEB DE1Y0T=TWEB fell after the FT report on China.
The EFSF will hold its first auction to raise funds for the
mid-June.
"We know central banks are buying a lot of this kind of
Greece," said a tarder.
"But there seems to be grwoing politiacl dsisent on futrher
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