A Quick Glance at News

v Asian shares rose to a one-month high and the won strengthened for a sixth day as Japanese trade data signaled stronger demand in the region and before the Federal Reserve announces whether it will take new steps to boost the U.S. economy. European stock futures rose and Spanish bond yields retreated a second day.

v With economic storm clouds gathering abroad and signs the U.S. recovery is flagging, the Federal Reserve may feel compelled on Wednesday to launch a new round of monetary stimulus.

v Greek Leaders Poised to Agree on Three-Way Governing Coalition. Haggling among Greek political leaders is set to continue for a third day as they bid to form a coalition that will seek relief from austerity measures tied to emergency loans. Socialist Pasok leader Evangelos Venizelos said a new government could be ready today

v  Italian banks are struggling to increase capital levels as fallout from the European debt crisis and the country’s third recession in a decade force them to boost provisions against rising bad loan levels.

v Gold rose on Wednesday on growing hopes the U.S. Federal Reserve may do more to stimulate the world's top economy, a move which would boost bullion'sappeal as a hedge against inflation.

v Oil traded near the highest close in two days as rising imports by Japan and speculation the Federal Reserve will add stimulus to the U.S. economy countered concern Europe’s debt crisis will derail the global recovery.

v OPEC’s pledge to maintain production quotas will sustain a record supply of oil cargoes in the Persian Gulf, giving ship owners the confidence to demand more money after charter rates plunged 76 percent in 11 weeks.

v  Most Chinese stocks fell as drug makers and property developers declined on concern the biggest gains among industry groups this past month have been excessive as the slowing economy hurts earnings.

v China is allowing more companies to trade bonds and increasing scrutiny over issuers as the government seeks to ensure that the expansion of its nascent debt market isn’t derailed by defaults.

v Japanese government bonds edged down on Wednesday as some investors took profits after three days of gains, and as risk appetites perked up before the end of a U.S. Federal Reserve meeting expected to produce some easing steps.

v Treasury bonds firmed slightly in Asia on Wednesday as investors awaited the conclusion of the U.S. Federal Reserve's latest policy meeting, at which many expect further stimulus steps

v Apple Inc will try to salvage a high-profile lawsuit against Google Inc's Motorola Mobility unit on Wednesday at a crucial hearing in the Smartphone patent wars between the two tech companies.