Focus on Greece election

All eyes on greece election on coming sunday that may pose dilemma to EU after Spain Bailout.
Markets across world flashes up today morning after saturday's Spain 124$ billion bailout  and postiive chinese data.

v     Shares, commodities and the euro have jumped in Asian trading after euro zone finance ministers agreed to lend Spain up to €100bn to shore up its struggling banks, to the relief of markets

v     Chinese economic data for May released over the weekend suggested weaker domestic conditions, but surprising strength in exports and imports.

v     The strong showing for the French Left in the first round of Sunday’s French parliamentary elections reinforces the European position of France’s Socialist President François Hollande, threatening to downgrade German Chancellor Merkel’s hitherto pivotal role.

v     Italy Moves Into Debt-Crisis Crosshairs After SpainThe 100 billion-euro ($126 billion) rescue for Spain’s banks moves Italy to the frontline of Europe’s debt crisis, putting pressure on Mario Monti’s unelected government to avoid succumbing to a market rout.

v     Gold-investment demand in China may gain more than 10 percent this year as buyers seek a haven from Europe’s debt crisis and the prospect of weakening currencies, according to the country’s largest bullion bank.

v     Brent crude futures rose more than $2 on Monday as a rescue package for Spain's banks revived hopes of steady oil demand growth, while a failure in nuclear talks between the United Nations and Iran renewed concern over supply disruption.

v     The future of the euro may be determined in the coming weeks, as Greek voters decide whether to honor the country’s international bailout and create a first test for Spain’s newly built 100 billion-euro ($125 billion) banking firewall.

v     Apple will use the Worldwide Developers Conference starting today in San Francisco to debut Mac computers with high- definition screens, as well as features for the software that powers its iPhone and iPad. Phil Schiller, Apple’s senior vice president of product marketing, will probably emcee the keynote.