Alcatel-Lucent, Gaz de France, Steria May Move: French Equity Preview

(Bloomberg) -- Shares of the following companies may
rise or fall on the Paris stock exchange. Stock symbols are in
parentheses and prices are from the last close.

The CAC 40 Index rose 64.64, or 1.1 percent, to 6006.316 in
Paris. The broader SBF 120 Index also gained 1.1 percent.


Read more at Bloomberg Stocks News

UPDATE 2-Seagate CEO sees Japan hard drive consolidation

(Reuters) - TOKYO, June 29 - The head of Seagate Technology
, the world's largest maker of hard disk drives, said
Western Digital Corp's acquisition of Komag Inc.
would likely spur consolidation among Japanese hard disk makers.




Hard disk drive maker and Seagate rival Western Digital has
agreed to buy Komag, maker of hard disks that go into hard disk
drives, for about $1 billion in cash [ID:nN28389449], taking a
step towards vertical integration of its storage business.


Read more at Reuters.com Mergers News

Siemens, Wacker Construction Equipment May Move: German Equity Preview

(Bloomberg) -- The following stocks may rise or
fall in German markets.

Germany's X-DAX Index was little changed at 7922.22. The
index provides an estimate of the DAX Index, based on trading in
DAX futures after the Xetra electronic market closes. The DAX
increased 1.5 percent to 7921.36 on the Xetra electronic-trading
system.


Read more at Bloomberg Stocks News

U.K. Chancellor Darling Inherits Fraying Economy With Predecessor Close By

(Bloomberg) -- Alistair Darling, Britain's new
chancellor of the exchequer, faces what may be the toughest task
in Prime Minister Gordon Brown's government: steering a fraying
economy with Brown looking over his shoulder.

Brown, who as chancellor oversaw the longest expansion in
two centuries, appointed the 53-year-old Darling as his
successor yesterday. Darling worked under Brown at the Treasury
in 1997, then ran the Departments of Trade and Industry and of
Work and Pensions for former Prime Minister Tony Blair.


Read more at Bloomberg Bonds News

TREASURIES-Sideways drift in Asia after Fed

(Reuters) - The emphasis on stubborn consumer prices was not accompanied
by any renewed concern over housing, despite the struggles of two
mortgage-related hedge funds this month.




Market hopes for a possible interest rate cut this year were
again dashed, pushing two-year note yields up on Thursday.


Read more at Reuters.com Bonds News

Asian Shares Climb for a Second Day on Earnings Outlook; Toyota Advances

(Bloomberg) -- Asian stocks climbed for a second day,
led by Sony Corp., after Japan's household spending rose and its
jobless rate stayed at a nine-year low, signaling strengthening
demand in the region's biggest economy.

Toyota Motor Corp. advanced to a three-month high as the yen
weakened and UBS AG and Goldman, Sachs & Co. said the outlook for
Japan's auto industry is improving. Japanese retailers gained
after the Nikkei newspaper said Seven & I Holdings Co. may report
higher operating profit.


Read more at Bloomberg Stocks News

Japanese Bonds Head for Worst Quarter Since 2006 on Interest-Rate Outlook

(Bloomberg) -- Japan's government bonds rose,
heading for the biggest gain since March, on speculation
investors are buying the securities to match a monthly change in
a benchmark index.

Nomura Securities Co. will add debt including 10- and 20-
year bonds sold this month to its Bond Performance Index in July
and remove securities due in a year and less. Money managers
such as the Government Pension Investment Fund, which runs the
world's largest pool of retirement wealth, use the index to
decide on holdings. Bonds also advanced after a report today
showed consumer prices in Tokyo unexpectedly declined this month.


Read more at Bloomberg Bonds News