Germany's DAX Index Falls, Paced by DaimlerChrysler, Fresenius Medical

(Bloomberg) -- German stocks declined for a second
day, led by DaimlerChrysler AG, Fresenius Medical Care AG and
Allianz SE.

The benchmark DAX Index lost 37.04, or 0.5 percent, to
7398.63 as of 9:04 a.m. in Frankfurt. The HDAX Index of the
country's 110 biggest companies fell 0.6 percent.


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Platinum Futures Fall in Tokyo on Rising Yen, Concern That Demand May Slow

(Bloomberg) -- Platinum futures fell in Tokyo as a
rising Japanese currency reduced the appeal of buying yen-
denominated contracts for the dollar-priced metal, and as
a slump in world stocks raised concern that demand may drop.

The yen rose to 117.19 to the dollar, the highest since
March 29, on signs losses related to U.S. subprime mortgages are
starting to slow growth of the world's largest economy. Asian
stocks fell after the Standard & Poor's 500 Index had its biggest
three-week decline since 2003.


Read more at Bloomberg Commodities News

ICI, Sainsbury, Morgan Sindall, Standard Life: U.K., Irish Stock Preview

(Bloomberg) -- The following stocks may rise or fall
in U.K. and Irish markets today. Stock symbols are in parentheses
and prices are from yesterday's market close.

The benchmark FTSE 100 Index lost 76.00, or 1.2 percent, to
6224.30. The FTSE All-Share Index declined 34.49, or 1.1 percent,
to 3223.84.


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Australia, New Zealand Dollars Decline as Carry Trades Cut on Stock Slide

(Bloomberg) -- The Australian and New Zealand
dollars fell a second day against the yen as global stocks slid
on concern U.S. mortgage losses will worsen, deterring investors
from buying higher-yielding assets funded by loans in Japan.

New Zealand's dollar has weakened 7.5 percent versus the
yen in the past month, the most among the 16 most-active
currencies, and Australia's retreated 4.8 percent, as traders
pared positions in so-called carry trades. Asian shares declined
today after The Standard & Poor's 500 Index fell the most in
five months in New York on Aug. 3.


Read more at Bloomberg Currencies News

South Korea's Kospi Index Falls, Led by Samsung, Posco and Kookmin Bank

(Bloomberg) -- South Korea's benchmark stock index,
the Kospi Index, fell 2.41 percent at 9:05 a.m.

The index of 733 companies traded on the Korea Exchange
fell 45.19 to 1,831.61. Among the stocks in the index, 88 rose,
566 fell and 79 were unchanged.


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Dollar Falls to Four-Month Low Against Yen on Concerns About U.S. Growth

(Bloomberg) -- The dollar fell to a four-month low
against the yen on signs losses related to subprime mortgages
are starting to slow U.S. economic growth.

The dollar also traded near a record low against the euro
after the yield spread between U.S. and German two-year bonds
narrowed to the least in 2 1/2 years. The Standard & Poor's 500
Index slid the most in five months and two-year Treasury yields
dropped to an 18-month low Aug. 3 as reports on employment and
services suggested housing market weakness is causing economic
growth to slow.


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US STOCKS-Indexes fall further after services data

(Reuters) - The Dow Jones industrial average was down 65.36
points, or 0.49 percent, at 13,397.97. The Standard & Poor's
500 Index was down 9.64 points, or 0.65 percent, at
1,462.56. The Nasdaq Composite Index was down 14.85
points, or 0.58 percent, at 2,561.13.




Read more at Reuters.com Bonds News

Latin American Shares Advance on Commodity Demand, Corporate Profit Growth

(Bloomberg) -- Latin American stocks rose on
speculation that global demand for metals and oil will boost
corporate profits. Raw-materials producers led the advance.

The Bovespa Index of the most-traded stocks on the Sao Paulo
exchange headed for a fifth month of gains, rising 598.02, or 1.1
percent, to 55,170.63 as of 12:39 p.m. New York time. Mexico's
Bolsa index rallied 280.25, or 0.9 percent, to 31,180.93. Even
with today's gain, the index is little changed for the month.


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Lehman Brothers Offers New Muni Derivatives for Institutional Investors

(Bloomberg) -- Lehman Brothers Holdings Inc.
tomorrow will introduce derivatives that track the value of
benchmark five- and 10-year municipal bonds, in an effort to
provide a way for investors to protect against price swings.

The Lehman Municipal Index Swap, comprised of general
obligation bonds rated AA- or better, will also allow investors
to bet on the performance of municipal bonds relative to taxable
yields without buying tax-exempt debt. Currently, municipal
investors use the Securities Industry and Financial Markets
Association Municipal Swap Index or Thomson Financial's
Municipal Market Data index.


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Home prices fell in May: S&P/Case-Shiller

(Reuters) - The composite month-over-month Standard & Poor's/Case-Shiller Home Price Index of 20 metro areas also showed a 0.2 percent drop, to a 200.04 reading, or a 2.8 percent year-over-year loss.




"At a national level, declines in annual home price returns are showing no signs of a slowdown or turnaround," said Robert J. Shiller, chief economist at MacroMarkets LLC, in the release.


Read more at Reuters.com Business News

Dollar Drops Versus Euro as Stock Rally Eases Concern Over Credit Risks

(Bloomberg) -- The dollar fell the most in almost
three weeks against the euro as a rebound in U.S. stocks eased
concern over credit risks.

The U.S. currency gained the most last week since January as
subprime losses encouraged investors to avoid riskier assets. The
Standard & Poor's 500 Index rose from its steepest weekly decline
since September 2002. Treasuries fell amid reduced need for the
safety of government debt.


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US STOCKS-S&P, Nasdaq gain 1 pct as financials, energy advance

(Reuters) - The Dow Jones industrial average was up 124.78
points, or 0.94 percent, at 13,390.25. The Standard & Poor's
500 Index was up 18.22 points, or 1.25 percent, at
1,477.17. The Nasdaq Composite Index was up 28.54
points, or 1.11 percent, at 2,590.78.




Read more at Reuters.com Bonds News

US STOCKS-Indexes rise after last week's sell-off

(Reuters) - The Dow Jones industrial average was up 43.09
points, or 0.32 percent, at 13,308.56. The Standard & Poor's
500 Index was up 4.69 points, or 0.32 percent, at
1,463.64. The Nasdaq Composite Index was up 8.45
points, or 0.33 percent, at 2,570.69.




Read more at Reuters.com Bonds News

U.K. Stocks Rise for First Time in Five Days; ICI, BHP Billiton Pace Gains

(Bloomberg) -- U.K. stocks rose for the first time
in five days. Imperial Chemical Industries Plc and BHP Billiton
Ltd. paced the advance.

The benchmark FTSE 100 Index added 12.9, or 0.2 percent, to
6228.1 at 8:30 a.m. in London. The FTSE All-Share Index gained
0.3 percent to 3218.95. Ireland's ISEQ Index rallied 0.3 percent
to 8378.62.


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Atos, Cap Gemini, France Telecom, NicOx and Steria: French Equity Preview

(Bloomberg) -- The following stocks may rise or
fall on the Paris stock exchange. Symbols are in parentheses
after company names. Prices are from the last close.

August futures on the benchmark CAC 40 Index slipped 10 to
5641 at 8:13 a.m. in Paris.


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Atos, Danone, Euler Hermes, Lectra and Natixis: French Equity Preview

(Bloomberg) -- The following stocks may rise or
fall on the Paris stock exchange tomorrow. Symbols are in
parentheses after company names. Prices are from the last close.

The benchmark CAC 40 Index lost 31.09, or 0.6 percent, to
5643.96. The broader SBF 120 Index also fell 0.6 percent.


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U.S. Stocks Drop, Giving S&P 500 Worst Weekly Loss Since 2002; Alcoa Falls

(Bloomberg) -- U.S. stocks tumbled, giving the
Standard & Poor's 500 Index its steepest weekly drop in 4 1/2
years, after turmoil among borrowers prompted investors to flee
riskier assets.

The S&P 500 lost the most since September 2002, while the
Dow Jones Industrial Average's weekly slump was the biggest since
March 2003. Chrysler and Alliance Boots Plc failed to find buyers
for $20 billion of buyout loans, fueling concern the engine that
drove stocks to all-time highs -- a record pace of takeovers --
will sputter.


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Gol, Sadia, TAM, Vivo and Vale do Rio Doce: Brazil Equity Market Movers

(Bloomberg) -- Brazil's main stock index fell for a
second day, led by mining company Cia. Vale do Rio Doce.

The Bovespa Index of the most-traded stocks on the Sao
Paulo exchange fell 71.66, or 0.1 percent, to 53,821.49 as of
10 a.m. New York time.


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US STOCKS-NYSE imposes trading curbs as stocks tumble

(Reuters) - The New York Stock Exchange Composite Index , which
is used to determine when to begin trading curbs, was down
205.45 points, or 2.07 percent, at 9,724.47.




The trading curbs require that all program selling of S&P
500 stocks must be on an up-tick.


Read more at Reuters.com Bonds News

German Stocks Decline, Led by MAN AG, Siemens; GPC Biotech Plummets

(Bloomberg) -- Germany's DAX Index dropped for a
second day, paced by Siemens AG after the engineering group
agreed to buy medical-scanners maker Dade Behring Holdings Inc.
for $7 billion ($9.6 billion) and sell its VDO automotive unit.

GPC Biotech AG plunged after a U.S. panel recommended
delaying a decision on its experimental prostate cancer drug by
at least a year. Fresenius Medical Care AG and DaimlerChrysler
AG paced rising shares.


Read more at Bloomberg Stocks News