India's Bonds Decline as Debt Auctions to Drain Surplus Money From Banks

(Bloomberg) -- India's government bonds declined for a
second day on concern debt auctions today and tomorrow will leave
banks with less money to invest in the securities.

Benchmark 10-year bond yields climbed to the highest in more
than a week as the government prepared to sell 90 billion rupees
($2.2 billion) of debt today. Surplus funds in the financial
system may drop further tomorrow as the central bank sells two-
year debt and boosts a weekly treasury bill sale by 50 percent.


Read more at Bloomberg Bonds News

European Energy Stocks May Rise, Led by Eni, Technip; Ryanair May Fall

(Bloomberg) -- European energy stocks may advance as
crude oil traded near a two-week high in New York. Eni Spa and
Technip SA may gain after their U.S.-traded securities rose.

Ryanair Holdings Plc may decline after Europe's biggest low-
fare airline forecast losses in the second half of the year.


Read more at Bloomberg Stocks News

Deutsche Telekom, Ryanair, Sol Melia, Grupa Lotos: European Equity Preview

(Bloomberg) -- The following stocks may rise or fall
in European markets. Prices are from the last close.

The Dow Jones Stoxx 600 fell 0.3 percent to 399.02. The Dow
Jones Stoxx 50 Index declined 0.3 percent to 3961.24. The Euro
Stoxx 50 Index, a benchmark for the 13 nations using the euro,
dropped 0.4 percent to 4537.81.


Read more at Bloomberg Stocks News

KEPCO set to buy $100mln Australia coal mine stake

(Reuters) - Lee said the company is also looking to buy 10 percent
stakes in Australia's Anvil and Tarabora coal mines, but he
could not give any further details on the seller or
investment.




Read more at Reuters.com Mergers News

U.S. Service Industries Probably Stayed Close to Three-Month High in May

(Bloomberg) -- Service industry expansion in the
U.S. stayed close to a three-month high in May, helping the
economy bounce back from its first-quarter slowdown, economists
said before a report today.

The Institute for Supply Management's index of non-
manufacturing businesses, including banks, builders and
retailers, was at 55.8 in May after a reading of 56 the prior
month, according to the median forecast of 72 economists in a
Bloomberg News survey. Readings above 50 signal growth.


Read more at Bloomberg Bonds News

Dow, S&P close at records as energy shares rise

(Reuters) - Wal-Mart Stores Inc. rose 3.5 percent, boosting the Dow and the S&P, after several brokerages raised their ratings on the retailer's shares.




Energy stocks led the S&P higher as oil climbed above $70 in London on news that a cyclone was headed toward the oil-producing Arabian peninsula with the potential to disrupt supply. Shares of Chevron Corp. rose 1.1 percent to $83.13.


Read more at Reuters.com Business News

Trichet's Split With Protege Noyer on Money Supply Clouds ECB Rate Outlook

(Bloomberg) -- European Central Bank chief Jean-
Claude Trichet has parried criticism from Nicolas Sarkozy, the
new president of his native France. Fresh doubts from Trichet's
protege at the French central bank may be harder to ignore.

As the ECB prepares to raise its key interest rate to a
six-year high of 4 percent tomorrow, Trichet's faith in the
importance of money supply is being questioned by Christian
Noyer, 56, who succeeded him as governor of the Bank of France
and sits with him on the ECB's governing council.


Read more at Bloomberg Currencies News