Wall St set for firmer start ahead of data, holiday

(Reuters) - By 1011 GMT, futures on the Dow Jones industrial average
rose 0.2 percent, while S&P 500 futures gained 0.3
percent and Nasdaq added 0.4 percent.




"Activity before July 4 will be rather limited, but long
rates came in a little bit and ... economic activity
remains quite strong with quite a benign inflation component,"
said Johan Van Der Biest, fund manager at Dexia.


Read more at Reuters.com Bonds News

EU approves Cerberus purchase of Chrysler

(Reuters) - DaimlerChrysler agreed in May to sell most of its stake in the money-losing Chrysler Group and its related financial services business to Cerberus.




The deal, which is expected to close in the third quarter, still needs approval from the U.S. authorities.


Read more at Reuters.com Government Filings News

Japanese Bonds Gain; MOF Decides Not to Reopen Existing Debt at Auction

(Bloomberg) -- Japan's 10-year bonds rose after the
Ministry of Finance issued new securities at an auction of
benchmark debt today, ending speculation it would sell more of
the existing debt.

The ministry set a 1.9 percent coupon on the 1.9 trillion
yen ($15.5 billion) of new 10-year bonds after yields climbed to
their highest in almost a year last month. Brokers had asked the
government to reissue the benchmark No. 286 bond to help ease a
shortage of the debt in the repurchase market, Kazuo Katayama,
director of the ministry's finance division, said last week.


Read more at Bloomberg Bonds News

GE sees nuclear projects in Europe, China: report

(Reuters) - "First, carbon emissions need to be given a price in some way. If that is done, nuclear power investments will surge everywhere, not just in the United States," Immelt told Kauppalehti in comments published on Tuesday.




Immelt told the paper GE expects nuclear deals from China after five to 10 years, but not so much from Russia unless it was with a Russian partner.


Read more at Reuters.com Business News

GLOBAL MARKETS-Growth, M&A boost world stocks, dollar shaky

(Reuters) - MSCI's main world equity index was around a
quarter of a percent off its all time high, all but wiping out
the June losses caused by anxiety over rising bond yields and
troubles in the U.S. subprime market.




Bond yields, though up on Tuesday, have fallen back
generally from peaks in June.


Read more at Reuters.com Bonds News

European Bull Market `Intact,' Deutsche Banks Says, Raising Estimate

(Bloomberg) -- Investors should increase their
holdings of European equities as earnings growth and mergers and
acquisitions continue to support shares, according to Deutsche
Bank AG strategists.

The German bank raised its forecast for the benchmark Dow
Jones Stoxx 600 Index to 410 by the end of this year, up from a
previous estimate of 400 and 4.5 percent higher than yesterday's
close of 392.23.


Read more at Bloomberg Stocks News

U.S. Treasury Notes Decline as Gains in Stocks Reduce Demand for Safety

(Bloomberg) -- U.S. 10-year Treasury notes fell as
the Dow Jones Industrial Average's biggest gain in almost three
weeks reduced demand for the relative safety of government debt.

Bonds snapped a two-day rally after the Nasdaq Composite
Index of shares closed at the highest in six years, overcoming
concern spurred by terrorist plots in the U.K. last weekend. Ten-
year yields climbed above 5 percent as shares also gained in
China, Hong Kong and South Korea.


Read more at Bloomberg Bonds News