JGBs fall before auction, little help from tankan

(Reuters) - An initial fall in Tokyo share prices also lent support to
JGBs but the gains proved fleeting, as the tankan kept intact
market expectations for the BOJ to raise interest rates to 0.75
percent from 0.50 percent, perhaps as early as next month.




"It was mixed overall. While it won't justify a rate rise in
July, the chances seem higher that there will be a rate rise in
August," said Mitsumaru Kumagai, chief JGB strategist for Merrill
Lynch.


Read more at Reuters.com Bonds News

Yen stays weak, tankan bolsters BOJ rate view

(Reuters) - The yen fell against the dollar and euro after the BOJ's quarterly tankan poll came in line with forecasts, but trimmed losses as investors were careful about selling the yen too much ahead of a holiday-shortened week in the United States.




Sterling hit a 2 1/2-month high versus the dollar at $2.01, inching near a 26-year high before the Bank of England holds a policy meeting later in the week, when it is expected to lift rates by 25 basis points to 5.75 percent.


Read more at Reuters.com Hot Stocks News

Asian Stocks Climb, Paced by Woodside, Mitsui; Mitsubishi Estate Drops

(Bloomberg) -- Asian stocks rose for a third day, led
by energy-related shares, after declining U.S. fuel stockpiles and
attempted car bombings in the U.K. lifted the price of crude oil
to a 10-month high.

Woodside Petroleum Ltd., Australia's second-largest oil
producer, advanced to its highest in a week. Mitsui & Co., a
Japanese trading company that generated almost 15 percent of last
year's revenue from energy, jumped by the most in two months.


Read more at Bloomberg Stocks News

China's CSI 300 Index Declines, Set for Longest Losing Streak This Year

(Bloomberg) -- China's key stock index fell in
volatile trade, set for its longest losing streak this year, amid
signs investor demand for equities is cooling. China Merchants
Bank Co. and China Vanke Co. dropped.

The CSI 300 Index fell 18.34, or 0.5 percent, to 3745.73 as
of the 11:30 a.m. local-time break, dropping for its third
consecutive day and erasing gains of as much as 1 percent. It
last declined for three days in the period ending Dec. 8.


Read more at Bloomberg Stocks News

KarstadtQuelle, Deutsche Telekom, Siemens, Zapf: German Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in German markets. Stock symbols are in parentheses after the
company names and prices are from the Xetra close on June 29
unless otherwise stated.

Germany's X-DAX Index rose 0.15 percent. The index provides
an estimate of the DAX Index, based on trading in DAX futures
after the Xetra electronic market closes. The DAX climbed 1.09
percent to 8007.32 on the Xetra electronic-trading system.


Read more at Bloomberg Stocks News

Anta Share Sale Raises $405 Million, Rockets' Owner Invests, People Say

(Bloomberg) -- Anta Sports Products Ltd., China's
largest maker of athletic shoes, raised HK$3.17 billion ($405
million) in a share sale that drew Houston Rockets' owner Leslie
Alexander, two people with direct information said.

The company sold 600 million new shares, a 25 percent stake,
at HK$5.28 apiece in Hong Kong, the top end of a HK$4.28 to
HK$5.28 range, said the people, declining to be identified
before an official statement. The initial public offering values
the Jinjiang, Fujian-based company, which tripled profit last
year, at just over $1.6 billion.


Read more at Bloomberg Emerging Markets News

Japan's Government Bonds Advance After Treasuries Gain on Slower Inflation

(Bloomberg) -- Japanese 10-year bonds advanced for a
second day on speculation signs of cooling global inflation will
spur demand for government securities.

Benchmark bonds in Japan and the U.S. completed their first
two-week gains in more than three months on June 29, after
reports showed consumer prices in Tokyo unexpectedly fell and a
measure of inflation watched by the Federal Reserve slowed. The
Tankan, Japan's key business survey, today showed confidence
among large manufacturers was unchanged in June from March.


Read more at Bloomberg Bonds News

Ascott, ComfortDelgro, SingTel, Sky China: Singapore's Equity Preview

(Bloomberg) -- The following shares may rise or fall
in Singapore. Stock symbols are in parentheses and prices are
from the previous market close.

The Straits Times Index added 0.3 percent to 3548.20. The
July futures contract slipped 0.3 percent.


Read more at Bloomberg Stocks News

U.S. Notes Fall; 10-Year Yield Near Lowest in Three Weeks Erodes Demand

(Bloomberg) -- U.S. 10-year Treasuries fell as
yields near their lowest in three weeks curtailed demand.

The benchmark 10-year yield rose 2 basis points, or 0.2
percentage point, to 5.04 percent, according to Cantor
Fitzgerald LP. The price of the 4 1/2 percent security due in
May 2017 fell 1/8, or $1.25 per $1,000 face amount, to 95 28/32.


Read more at Bloomberg Bonds News

Macquarie funds buy Global Tower in $1.4 bln deal

(Reuters) - The consortium said in a press statement that the deal gave Global Tower an enterprise value of $1.4 billion.




Macquarie Group includes Australian investment bank Macquarie Bank .


Read more at Reuters.com Business News

Japanese Government Bonds May Rise on View Tankan Won't Back Higher Rates

(Bloomberg) -- Japanese government bonds may rise
for a second day on speculation the central bank's Tankan survey
will fail to increase the likelihood for higher interest rates.

Ten-year bonds last week completed their first back-to-back
weekly gain since March after a government report showed
consumer prices in Tokyo unexpectedly dropped. U.S. Treasuries
rose on June 29, pushing 10-year yields to a three-week low,
after an inflation gauge watched by the Federal Reserve slowed.


Read more at Bloomberg Bonds News

Crude Oil Trades Near 10-Month High on U.S. Fuel, U.K. Terrorism Concerns

(Bloomberg) -- Crude oil was little changed near a
10-month high in New York after rising last week on declining U.S.
fuel stockpiles and attempted car bombings in the U.K.

Gasoline futures reached a one-week high on June 29, after
rising for three days on a report showing U.S. supplies of the
motor fuel unexpectedly fell the week before. U.K. security
agencies raised the country's terrorist threat assessment to its
highest level at the weekend after an attack at Glasgow
International Airport and two attempted bombings in London.


Read more at Bloomberg Energy News

DTE Energy, GE unit in deal on power projects

(Reuters) - As part of the deal, DTE Energy will manage the day-to-day operations of the projects and act as the managing member of the LLC that owns them.




Morgan Stanley advised DTE Energy.


Read more at Reuters.com Mergers News

Peru inflation up 0.47 percent in June

(Reuters) - "The rise in prices of transport and communications
services is explained mainly because of the increase on fuels
and transport prices," the National Statistics Institute said
in a statement.




The result was above the forecasts of analysts consulted by
Reuters. They had predicted a median rise of 0.28 percent, with
estimates ranging from 0.20 percent to 0.40 percent.


Read more at Reuters.com Economic News

Mideast funds target Jaguar, Land Rover: report

(Reuters) - No one at the funds could immediately be reached.




Ford's president for the Americas said on Friday the company


Read more at Reuters.com Mergers News