Jan. 27 (Bloomberg) -- Copper fell for the first time in three days on concern Europe’s sovereign debt crisis may worsen, eroding demand for industrial metals, as bondholders were set to resume talks with Greece.

Market News:

-- The yen strengthened the most in a month against the dollar, while U.S. stock-index futures fell and copper dropped as bondholders were set to resume talks with Greece. Bond risk in Japan fell to a four-month low. NSN LYG30T0D9L37 <GO>

-- Resolving the Greek sovereign-debt crisis is crucial to avoiding contagion in Europe, said Deutsche Bank AG Chief Executive Officer Josef Ackermann, as private bondholders met Prime Minister Lucas Papademos to seek an accord to cut the nation’s borrowings. NSN LYFFPN0YHQ0X <GO>

-- Leaders of the world’s biggest banks touted the virtues of austerity at the World Economic Forum in Davos -- for themselves, not just for over-indebted governments. NSN LYFGX10D9L35 <GO>

-- More than 70 percent of investors said an attack on Iran’s nuclear facilities would create only a short-term disruption in oil markets, according to a quarterly Bloomberg Global Poll. NSN LYFVUW6S9728 <GO>

-- Gains in insurers and mining companies pushed the benchmark gauge for European equities up 20 percent from its September low, marking the start of the region’s second bull market in less than a year. NSN LYFBMH6S9728 <GO>

-- U.S. monetary stimulus, blamed in 2010 for spurring speculative capital flows to emerging markets, may find less opposition this time round in Asia as the region’s focus shifts to supporting economic growth. NSN LYG0Z50D9L35 <GO>

-- The economy in the U.S. probably expanded in the fourth quarter at the fastest pace of 2011 as consumer spending picked up and companies rebuilt stockpiles, economists said before a report today. NSN LYFDE21A74E9 <GO>

-- Gold traders are bullish for a fourth consecutive week, betting that the Federal Reserve’s pledge to keep interest rates low until late 2014 will extend the metal’s best start to a year in more than three decades. NSN LYG1TP07SXKX <GO>

Metals News:

-- Anglo American Plc sees “softer” prices for iron ore and metallurgical coal as demand for commodities slows down in the first half, Chief Executive Officer Cynthia Carroll said. NSN LYG4VG6S9728 <GO>

-- Copper prices may stall this year as a fivefold gain in average prices in the past decade to a record in 2011 spurs mining companies to boost supply, and as growth in demand from Asian economies begins to slow, a survey shows. NSN LYF3DI1A74E9 <GO>

-- Japan’s shipments of rolled-aluminum products decreased 6.1 percent in December, the seventh-straight month of decline, the Japan Aluminium Association said today. NSN LYG03W0D9L35 <GO>

-- Rio Tinto Group , the world’s third-largest mining company, may seek to replace Ivanhoe Mines Ltd.’s senior management after moving to increase its stake to 51 percent this week. NSN LYFM9P6K50Y0 <GO>

-- Posco may build a smaller steel mill than planned in India after failing to secure enough land for what would be the biggest overseas investment in the south Asian nation, two people familiar with the plans said. NSN LYFZV807SXKX <GO>