Coffee Climbs to One-Week High on Shrinking Inventories in U.S., Vietnam

(Bloomberg) -- Coffee rose to a one-week high in
New York as shrinking inventories in the U.S. and Vietnam, the
world's second-largest producer, revived speculation that demand
will exceed output this year.

Stockpiles of raw, unroasted coffee in the U.S. fell by
92,242 bags, or 1.6 percent, to 5.68 million bags in May from
April, the first decline this year, the New York-based Green
Coffee Association said June 15. Tight supplies of robusta
coffee from Vietnam, the biggest producer of that variety, have
pushed futures traded in London to the highest since 1998.


Read more at Bloomberg Commodities News

Canada's Dollar Falls in Almost 3 Weeks on Speculation of Lower Inflation

(Bloomberg) -- The Canadian dollar fell to an
almost three-week low on speculation inflation may have eased,
reducing the likelihood the Bank of Canada will increase
borrowing costs twice this year.

``There's a bit of concern that the consumer prices may be
weaker than expected,'' said Matthew Strauss, senior currency
strategist at RBC Capital Markets Inc. in Toronto, a unit of
Canada's biggest bank by assets. ``The Canadian dollar may be
topped for the time being.''


Read more at Bloomberg Currencies News

Marvel in deal with Fruit of the Loom, Crocs

(Reuters) - The company signed a new multi-year licensing agreement with Fruit of the Loom, a unit of Berkshire Hathaway Inc. , to make children's underwear lines based on its popular characters.




Fruit of the Loom will initially create products based on upcoming Marvel Studios feature films 'Iron Man' and 'The Incredible Hulk.'


Read more at Reuters.com Business News

European Stocks Decline; Siemens and Telefonica Shares Lead the Retreat

(Bloomberg) -- European stocks fell, led by Siemens
AG and Telefonica SA.

The Stoxx 600 lost 0.3 percent to 398.09 as of 3:13 p.m. in
London. The Stoxx 50 also fell 0.3 percent. The Euro Stoxx 50, a
measure for the nations sharing the euro, retreated 0.4 percent.


Read more at Bloomberg Stocks News

Mexican stocks rise, led by America Movil gains

(Reuters) - The benchmark 10-year government peso bond
gained 0.253 point in price, pushing its yield down 4 basis
points to 7.62 percent.




Shares of America Movil , one of Latin America's
most closely watched companies, led the rally, advancing 0.96
percent to 34.69 pesos. Its New York traded shares rose
0.52 percent to $64.26.


Read more at Reuters.com Bonds News

TREASURIES-Bonds dip on profit-taking, mortgage hedging

(Reuters) - Also, dealers were said to be selling Treasuries to lock in
the yields on an expected flood of corporate bonds for sale
this week, according to traders.




Earlier, Treasury bond prices rose on follow-through buying
in the wake of Friday's tame core inflation data. They also
enjoyed safe-haven bids on renewed worries about problems in
subprime mortgages amid reports of heavy selling by a mortgage
hedge fund, analysts said.


Read more at Reuters.com Bonds News

Treasury 10-Year Yield Trades Near Five-Year High Before Housing Reports

(Bloomberg) -- Treasuries were little changed, with
yields near the highest in five years, before U.S. reports
forecast to show the housing market is slowing down.

An industry report today will show sentiment among home
builders matched the lowest since 1991, and a separate report
tomorrow will signal housing construction fell to a four-month
low, according to Bloomberg surveys of economists.


Read more at Bloomberg Bonds News