Thursday, 21 June 2007

TREASURIES-Prices mixed after jobless claims data

(Reuters) - NEW YORK, June 21 - U.S. government debt prices
were mixed on Thursday after data suggesting less tightness in
the labor market offset downward pressure from worries over
rising global interest rates.




A larger-than-expected 10,000 rise in weekly data for
jobless claims benefits fueled hopes that the Federal Reserve
would trim interest rates later this year, lifting
shorter-dated Treasuries which are more sensitive to the
market's outlook on Fed policy.


Read more at Reuters.com Bonds News

RPT-MasterCard, FIFA settle World Cup sponsor fight

(Reuters) - Financial terms of the settlement were not immediately
disclosed.




Read more at Reuters.com Bonds News

Starbucks CFO says high end of '07 view "very challenging"

(Reuters) - Starbucks has forecast 2007 earnings of 87 to 89 cents per share, while analysts, on average, expect it to earn 89 cents per share, according to Reuters Estimates.




Read more at Reuters.com Market News

Treasury Two-Year Notes Rise on Concern Losses at Hedge Funds May Widen

(Bloomberg) -- Treasury two-year notes rose as
investors sought refuge in the safest debt on concern losses at
hedge funds run by Bear Stearns Cos. may widen.

The difference in yields between two-year notes, which
typically gain more in times of turmoil, and benchmark 10-year
yields increased to the most since May 2006. The perceived risk
of owning corporate bonds jumped to the highest in nine months.


Read more at Bloomberg Bonds News

WTO Talks in Germany Break Down Over U.S., European Farm Aid, Brazil Says

(Bloomberg) -- Negotiations among four key World
Trade Organization governments over a new global agreement
collapsed today, with India and Brazil blaming U.S. and European
unwillingness to cut farm aid.

Trade and farm ministers from the U.S., the European Union,
India and Brazil have been meeting since June 19 in Potsdam,
Germany, aiming to reach a breakthrough on cutting agriculture
subsidies and lowering hurdles for goods crossing borders.
Discussions were supposed to continue through the weekend and
today's collapse may spell the end of the Doha Round of talks.


Read more at Bloomberg Emerging Markets News

European Stocks Drop; Air France, DaimlerChrysler, Nokia Lead the Decline

(Bloomberg) -- European stocks fell the most in two
weeks as rising oil prices pushed airlines, automakers and
chemical producers lower and Goldman, Sachs & Co. downgraded
shares of Nokia Oyj.

Air France-KLM Group, the region's largest carrier, carmaker
DaimlerChrysler AG and chemical company BASF AG led a retreat by
companies most sensitive to increasing energy costs. Nokia, the
world's biggest maker of mobile phones, had its biggest drop in
five months.


Read more at Bloomberg Stocks News

Canada's Dollar Tumbles as April Retail Sales Increase Less Than Forecast

(Bloomberg) -- The Canadian dollar declined the
most in more than a week as retail sales grew at a slower pace
than economists expected.

The Canadian currency traded 0.41 percent lower at 93.40
U.S. cents at 8:59 a.m. in Toronto, compared with 93.78 cents
yesterday. It was the largest decline since June 12. One U.S.
dollar buys C$1.0707.


Read more at Bloomberg Currencies News