Rubber Futures Advance in Tokyo as Weakening Yen Boosts Contract's Value

(Bloomberg) -- Rubber futures in Tokyo, the global
benchmark, gained for a second day in eight, as gains in the U.S.
currency boosted the value of yen-denominated contracts for the
commodity, which trades globally in dollars.

The dollar climbed to its highest in more than four years
against the yen, strengthening 1.5 percent in the past week to as
much as 122.84 yen today in Asian trading. Rubber yesterday
snapped a six-day losing streak in Tokyo.


Read more at Bloomberg Commodities News

European Stocks May Rise; Daimler, BHP Billiton, Rio Tinto May Advance

(Bloomberg) -- European stocks may advance for a
second day, led by exporters and mining companies, after the
Federal Reserve said the world's largest economy is growing without
spurring inflation and copper prices gained in Asia.

DaimlerChysler AG and Barclays Plc will probably advance
after their U.S.-traded securities ended higher than the close in
Europe. BHP Billiton Ltd., the world's biggest mining company,
and Rio Tinto Group gained in Australia.


Read more at Bloomberg Stocks News

Treasuries Little Changed; Report Will Probably Show Producer Price Gain

(Bloomberg) -- U.S. Treasuries were little changed,
after a six-week increase in yields, before a government report
today that will probably show rising inflationary pressures.

The Labor Department may say producer prices excluding food
and energy costs increased 0.2 percent in May from a month
earlier, after being unchanged in April, according to a
Bloomberg News survey of economists. Ten-year notes yesterday
rose the most since February as some investors bet higher global
borrowing costs will slow economic growth.


Read more at Bloomberg Bonds News

Speculators Buy Options Giving the Right to Sell Yen at 127 to U.S. Dollar

(Bloomberg) -- Speculators bought at least $1
billion of options giving them the right to sell the yen at 127
to the dollar in six months, in a sign the world's worst-
performing currency this quarter may extend losses.

The put options grant the right to sell the currency at a
designated strike price. They traded with an implied volatility
of 6.38 percent, said Takeharu Miki, a currency options trading
manager at Bank of Tokyo-Mitsubishi UFJ Ltd. Implied volatility,
a measure of expectations for future currency swings, is quoted
as part of pricing options.


Read more at Bloomberg Currencies News

Thai Bonds Gain as Benchmark Yields Near 14-Week High Attract Investors

(Bloomberg) -- Thailand's 10-year bonds rose,
halting a five-day decline, on speculation yields at the highest
in more then three months will attract investors. The baht was
little changed.

Yields on the securities have risen by more than half a
percentage point this month as investors bet the central bank
will slow the pace of interest rate cuts in the second half of
the year. The Bangkok-based University of Thai Chamber of
Commerce will release its May consumer confidence index today.


Read more at Bloomberg Bonds News

Cie. Maritime, Elekta, Fiat, TomTom, Union Fenosa: 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 climbed 0.4 percent to 388.22. The
Dow Jones Stoxx 50 Index increased 0.4 percent to 3879.38. The
Euro Stoxx 50 Index, a benchmark for the 13 nations using the
euro, advanced 0.4 percent to 4401.68.


Read more at Bloomberg Stocks News

Asian Casinos to Help Macau, American Gaming Association's Fahrenkopf Says

(Bloomberg) -- The legalization of casinos in
several Asian countries will help, not hurt Macau, the only
Chinese city where casino gambling is legal, said Frank
Fahrenkopf, head of the biggest gaming organization in the U.S.

Having casinos in other Asian cities ``will get more people
exposed to gaming and will get more people interested in coming
to Macau,'' Fahrenkopf, president and chief executive officer of
the American Gaming Association, said in an interview on the
sidelines of a gaming trade show in Macau yesterday.


Read more at Bloomberg Emerging Markets News