GLOBAL MARKETS-US jobs data hit stocks, dollar, boost bonds

(Reuters) - LONDON, Aug 3 - Stocks and the dollar fell while
safe-haven government bonds rallied on Friday after
weaker-than-expected U.S. jobs data fanned concerns about a U.S.
economy already struggling with credit liquidity fears.




U.S. stock futures pointed to a weaker open on Wall Street
while European stocks moved deeper in negative territory
after data showed U.S. employers boosted payrolls in July at the
slowest pace since February, adding 92,000 jobs.


Read more at Reuters.com Economic News

TREASURIES-Bond prices rise as stock market turns lower

(Reuters) - Bonds have been closely mirroring stocks recently, gaining
when stocks fall as investors turn to the relative safety of
bonds.




"Bonds are not leading, they are being led," said David
Ader, head of government bond strategy at RBS Greenwich Capital
in Greenwich, Connecticut. "Stocks were up and now they are
close to the lows of the day, while bonds were lower and now
they are higher on the day. It's not much more complicated than
that."


Read more at Reuters.com Bonds News

Latin American Stocks Rally; Mexico, Brazil Shares Have Best Gain in Month

(Bloomberg) -- Stocks in Latin America rallied as
analysts advised investors to buy companies with better-than-
expected profit growth after last week's global sell-off.

Brazil's Bovespa Index jumped 1,455.21, or 2.8 percent, to
54,377.44 as of 3 p.m. in New York. Mexico's Bolsa index rallied
747.88, or 2.5 percent, to 30,983.05. It was the biggest gain in
both markets since March 21.


Read more at Bloomberg Stocks News

South Korea's Stocks Fall on U.S. Housing Concern; Hyundai Heavy Declines

(Bloomberg) -- South Korean stocks fell for the
third day. Kookmin Bank led declines on concern a deepening U.S.
housing slump will damp the world's biggest economy and prompt
investors to shun riskier assets.

The Kospi index dropped 17.86, or 1 percent, to 1,865.36 as
of 9:25 a.m. in Seoul. Stocks plunged on July 27 by the most in
more than three years, wiping out $46 billion in market value.


Read more at Bloomberg Stocks News

Global Stocks Drop; Investors Shun Risk as Credit Market Turmoil Worsens

(Bloomberg) -- Stocks tumbled around the world and
U.S. Treasuries rallied on concern higher borrowing costs will
slow takeovers, spur debt defaults and curb earnings, prompting
investors to flee riskier assets.

The Standard & Poor's 500 Index fell to its lowest in almost
three months, while the FTSE 100's biggest drop in four years led
declines across Europe. Benchmark stock indexes in Argentina,
Brazil, Mexico, Turkey and Sweden sank more than 3 percent.


Read more at Bloomberg Stocks News

European Government Bonds Erase Gains as Investors' Subprime Concerns Ease

(Bloomberg) -- European bonds were little changed,
erasing earlier gains, after a rebound in U.S. stocks prompted
investors to return to riskier assets.

Benchmark debt earlier surged, pushing 10-year bund yields
down by the most in a year yesterday, after Moody's Investors
Services cut the credit ratings on $5.2 billion of bonds backed
by subprime mortgages and Standard & Poor's warned it may
downgrade $12 billion of debt. Stocks rebounded as investors bet
the global economy will continue growing, eroding demand for the
safest assets.


Read more at Bloomberg Bonds News

US STOCKS-Futures rise on telecoms takeovers, Apple gains

(Reuters) - NEW YORK, July 2 -U.S. stock index futures rose
on Monday, with takeover news in the telecommunications sector,
including a $48.5 billion buyout, likely to offset concern
about the subprime mortgage market.




Stocks will also get direction from a report on
manufacturing activity, which investors will scrutinize for
clues about the outlook for profits.


Read more at Reuters.com Bonds News

Australian Shares Decline, Led by BHP, Macquarie on U.S. Economic Concerns

(Bloomberg) -- Australian stocks fell for a third
day. Stocks that depend on global growth, such as BHP Billiton
Ltd. and Macquarie Bank Ltd., dropped as the Australian dollar
traded near an 18-year high, and as concern intensified that U.S.
banks will be saddled with losses on mortgage bonds.

The S&P/ASX 200 Index slid 52.90, or 0.8 percent, to 6329.70
at the close in Sydney. About 15 stocks declined for every four
that gained.


Read more at Bloomberg Stocks News

Australian Shares Decline, Led by BHP, Westfield on U.S. Economic Concerns

(Bloomberg) -- Australian stocks fell for a third
day. Stocks that depend on global growth, such as BHP Billiton
Ltd. and Macquarie Bank Ltd., dropped on concern losses from the
faltering U.S. subprime market will be worse than expected.

The S&P/ASX 200 Index slid 51.0, or 0.8 percent, to 6331.60
as of 10:28 a.m. in Sydney. About 16 stocks declined for every
three that gained.


Read more at Bloomberg Stocks News

Fed meeting, subprime jitters on tap

(Reuters) - Stocks closed out their worst week in more than three months on fears that trouble at two Bear Stearns hedge funds may signal bigger problems ahead for credit markets.




Whether investors worry through the weekend and remain in a selling mood on Monday remains to be seen after the main stock indexes all fell by more than 1 percent Friday.


Read more at Reuters.com Business News

Futures little changed ahead of PPI data

(Reuters) - Stocks to watch include investment banks, with Goldman Sachs Group Inc and Bear Stearns Cos. Inc. due to report quarterly results before the bell.




The yield on the benchmark 10-year Treasury note was 5.21 percent, slightly above its late Wednesday level of 5.20 percent.


Read more at Reuters.com Hot Stocks News

Icelandic Stocks, Currency Lure Investors (Again) a Year After Meltdown

(Bloomberg) -- Iceland's stock market and currency
are among the world's best performers this year after teetering
on the brink of collapse in 2006. The island's record interest
rates and relatively low equity prices will drive more gains.

``Stocks will rally another 10 to 15 percent,'' said
Gudmundur Gudmundsson, head of trading at Kaupthing Bank hf in
Reykjavik. ``The krona is still going strong and will retain its
strength in 2007'' on expectations rates will stay near records.


Read more at Bloomberg Exclusive News