Polish Zloty to Advance This Week, According to Bloomberg Currency Survey

(Bloomberg) -- Six out of eight strategists, traders
and analysts surveyed by Bloomberg News on July 13 recommended
buying the Polish zloty against the euro this week.

The zloty gained almost 1.1 percent over the past month on
growing expectations the central bank will raise interest rates
to stem accelerating inflation. Poland's main rate is currently
4.5 percent after quarter-point increases in April and June.


Read more at Bloomberg Currencies News

European Stocks May Fall; Volkswagen, Lufthansa, Rio Tinto Might Decline

(Bloomberg) -- European stocks may decline for the
first time in three days as crude oil traded near an 11-month
high. U.S.-traded securities of Volkswagen AG, the region's
biggest carmaker, and airline Deutsche Lufthansa AG slipped.

Rio Tinto Group, the world's third-largest mining company,
dropped in Australia after Citigroup Inc. cut its recommendation
on the shares. Royal Philips Electronics NV may be active after
saying second-quarter profit rose fivefold.


Read more at Bloomberg Stocks News

Xi'an Aircraft to Sell as Much as $872 Million of New Shares in Asset Swap

(Bloomberg) -- Xi'an Aircraft International Corp.
will raise as much as 6.6 billion yuan ($872 million) selling new
shares to its parent and other investors to help fund the
development of China's first commercial jet plane.

The company will sell 660 million yuan-denominated shares
for at least 9 yuan apiece, it said in a Shenzhen stock exchange
statement today. Its parent, Xi'an Aircraft Industry (Group) Co.,
will buy at least 55 percent of the shares at 9.18 yuan each with
airplane-making assets, the statement said.


Read more at Bloomberg Emerging Markets News

China's June Refined-Copper Imports Drop Less Than Expected, Traders Say

(Bloomberg) -- China's refined-copper imports, the
biggest in the world, fell 6.1 percent in June, declining less
than expected amid speculation that the country's stockpiling
agency might have bought the metal.

Refined copper and alloy imports were 121,991 metric tons
last month, the Beijing-based customs office said in a statement
today, citing preliminary data. That compares with 129,949 tons
in May and 69,715 tons in June 2006, according to Bloomberg data.


Read more at Bloomberg Commodities News

Gold Trades in Asia Near a One-Month High on Dollar's Decline Versus Euro

(Bloomberg) -- Gold traded near a one-month high in
Asia as the dollar's decline boosted demand for the metal as an
alternative investment. Silver gained.

The dollar traded near a record low against the euro today
before U.S. reports on inflation and housing. Gold generally
moves in the opposite direction of the U.S. currency.


Read more at Bloomberg Commodities News

Nokia Transforms Margin-Sapping India, China Markets Into Profit Machines

(Bloomberg) -- Nokia Oyj, the world's largest cell-
phone maker, disappointed shareholders twice in the past three
years by failing to keep up with consumer trends. This time, the
company may have it right.

Models such as the 550 euro ($759) N95 are paying off as
customers trade up from starter phones in India and China. The
shift is restoring profit margins that Chief Executive Officer
Olli-Pekka Kallasvuo sacrificed last year when he focused on
cheaper phones to win sales in those countries, where Nokia is
the dominant brand.


Read more at Bloomberg Emerging Markets News

PetroChina First-Half Oil, Gas Output Climbs 3.7 Percent on Rising Demand

(Bloomberg) -- PetroChina Co.'s first-half
production increased 3.7 percent as the nation's largest oil and
gas producer intensified efforts to meet rising energy demand.

Crude oil and gas output rose to the equivalent of 3.05
million barrels of oil a day, the Beijing-based company said
today. Oil production gained 0.1 percent from a year earlier,
while gas jumped 16.5 percent.


Read more at Bloomberg Energy News

Oversea-Chinese, Singapore Airport, Ascott: Singapore's Equity Preview

(Bloomberg) -- The following shares may rise or fall
in Singapore. Stock symbols are in parentheses and prices are
from the previous market close.

The Straits Times Index gained 0.8 percent to 3654.61. The
July futures contract rose 0.6 percent to 449.1.


Read more at Bloomberg Stocks News

Uranium Short Sellers Make Record Bets Against Cameco Shares, Market Mania

(Bloomberg) -- An unprecedented number of short
sellers are attempting to exploit the uranium mania that prompted
more than 12 mining companies to quintuple their share prices
during the past four years.

Demand from utilities to fuel nuclear reactors has plunged
72 percent from an April 6 peak, according to TradeTech LLC,
which has tracked uranium prices since 1968. In the second week
of July, 3.4 million pounds of the metal was available, more than
three times the amount purchased by power companies.


Read more at Bloomberg Energy News

Crude Oil Trades Near an 11-Month High After North Sea Production Declines

(Bloomberg) -- Crude oil traded near an 11-month
high in New York after rising last week as a pipeline shutdown in
the North Sea cut oil output and pushed Brent futures higher.

New York futures jumped 2 percent on July 13, their first
gain in three days, after Chevron Corp. and ConocoPhillips said
the closure of a BP Plc gas pipeline in the North Sea will limit
their oil output. World oil demand will rise 2.5 percent next
year to average 88.2 million barrels a day, the International
Energy Agency said in a report the same day.


Read more at Bloomberg Energy News

Pound Rally Fools Biggest Traders as Rising Bond Yields Lure Kokusai, Axa

(Bloomberg) -- Investors who listened to the world's
three biggest currency traders and bet against the pound this
year couldn't have been more wrong.

Instead of falling, the U.K. currency has risen 3.8 percent
to a 26-year high of $2.0367. Strategists at Frankfurt-based
Deutsche Bank AG, UBS AG in Zurich and Citigroup Inc. of New York
predicted in December it would trade at $1.96 or lower this year.


Read more at Bloomberg Currencies News

PREVIEW-Bernanke to stress price worries before Congress

(Reuters) - July 19, 9:30 a.m. EDT before Senate
panel




* Bernanke to underscore Fed's concerns on inflation risks,
despite recent easing in core price gauges; Fed likely to
forecast moderate growth gaining into next year


Read more at Reuters.com Bonds News

Lehman Says Use Options to Bet on New Zealand Dollar Decline Versus Yen

(Bloomberg) -- Lehman Brothers Holdings Inc. is
recommending the use of options to bet that the New Zealand
dollar will be among the biggest losers versus the Japanese yen
as investor aversion to risky assets increases.

Widening credit spreads suggest demand for higher yielding
investments, such as those in New Zealand, may wane, analysts at
Lehman Brothers, the fourth-biggest U.S. securities firm, said
in a strategy note on July 12.


Read more at Bloomberg Currencies News