Gold Falls in London as Demand May Slow on Stronger Dollar; Silver Drops

(Bloomberg) -- Gold fell in London on speculation
demand for the precious metal will slow after the dollar gained
against the euro. Silver also declined.

Bullion dropped and the dollar rebounded yesterday before
the U.S. Labor Department reported a 0.9 percent rise in
producer prices in May, higher than the 0.6 percent increase
forecast by analysts surveyed by Bloomberg News. Traders and
analysts are awaiting the U.S. report on the consumer price
index for May that's due later today.


Read more at Bloomberg Commodities News

Nordic Stocks Increase, Led by Ericsson, Nokia; Shares of M-real Rally

(Bloomberg) -- Nordic stocks rose for a third day.
Nokia Oyj, the world's largest mobile-phone maker, paced gains.
Ericsson AB, the world's biggest maker of wireless phone
networks, also climbed.

M-real Oyj rallied after Morgan Stanley said Finland's
third-largest papermaker was its ``top pick'' in the industry.


Read more at Bloomberg Stocks News

GLOBAL MARKETS-Stocks, bond yields rise; yen weak after BOJ

(Reuters) - LONDON, June 15 - Global stocks rose on Friday,
absorbing further gains in U.S. and euro zone government bond
yields ahead of U.S. inflation data, while the yen sank after
the Bank of Japan left interest rates on hold.




Energy stocks outperformed after oil spiked above $71 a
barrel overnight and merger and acquisition speculation buoyed
British retailers after a Qatari investment fund increased its
stake in J. Sainsbury , sending its shares up 5 percent.


Read more at Reuters.com Bonds News

UPDATE 1-NYMEX explores sale of company -report

(Reuters) - Top NYMEX executives have met with their counterparts at
three suitors, NYSE Euronext , Deutsche Boerse
AG and Chicago Mercantile Exchange Holdings Inc.
, according to the report. Banks have not yet been
hired to advise the company on the sale, Bloomberg said.




A NYMEX response is not mentioned in the report, which cited
two people involved in the discussions.


Read more at Reuters.com Mergers News

Shanghai copper pares gains on stock rise worry

(Reuters) - Shanghai copper edged higher by midday on Friday, paring earlier gains on speculation that Shanghai copper stocks may rise by as much as 10 percent this week.

The most-active August copper contract on the Shanghai Futures Exchange rose 0.3 percent to 63,600 yuan a tonne at midday, from 63,420 yuan on Thursday.


Read more at Reuters Africa

Oil Trades Near Nine-Month High on U.S. Refinery Slowdowns, Iran Concern

(Bloomberg) -- Crude oil traded near a nine-month
high in New York after a drop in U.S. refining raised concern
that fuel supplies may remain below average.

Maintenance at refineries last week cut processing rates to
a six-week low, prompting oil companies to produce less diesel
and heating oil in an effort to boost gasoline stockpiles. Oil
also rose after Iran, the second-largest producer in the
Organization of Petroleum Exporting Countries, rejected United
Nations demands to suspend its uranium enrichment.


Read more at Bloomberg Energy News

UPDATE 2-S.Korea panel approves markets law, broker shares jump

(Reuters) - SEOUL, June 15 - Shares of South Korean
brokerages surged on Friday as a key committee backed a new law
the government hopes will trigger a "big bang" for its lagging
financial sector, spurring consolidation and luring in foreign
players.




The approval from the parliamentary finance committee
almost guarantees passage by parliament later this month of the
Capital Markets Integration Act, which is designed to give
brokerages a greater role in shaping the financial sector.


Read more at Reuters.com Government Filings News