A Quick Glance at News

v European stock futures fell for a fourth day and Asian government bond yields dropped to record lows on concern China’s economic slowdown and Europe’s debt crisis threaten global growth.
v Technology shares retreated after Apple Inc. (AAPL)’s profits and sales missed estimates. The company sold 26 million iPhones in the fiscal third quarter, shy of the 28.4 million predicted by analysts surveyed by Bloomberg. That caused Apple to miss analysts’ quarterly sales and profit estimates for the second time since 2003.
v Singapore’s growth may fall below 1 percent should the U.S. and Chinese economies slump and the European crisis worsen significantly, the central bank said as it bolstered reserves to counter market turmoil.

v Asian shares fell and the euro wobbled above multi-year lows against major currencies on Wednesday as soaring borrowing costs deepened worries that Spain might need a bailout, while Greece appeared unlikely to meet conditions of its aid package.
v Investors continued to give the euro and risk currencies a wide berth on Wednesday following a selloff in global stocks as worries about the euro zone debt crisis festered.
v Brent remained steady at $103 a barrel on Wednesday as worries about oil demand from the troubled euro zone and the United States offset any gains to prices sparked by concerns about oil supply from the Middle East.
v The International Monetary Fund said China’s slowing economy faces significant downside risks and relies too much on investment, urging leaders to boost consumption and channel citizens’ savings away from housing.

v Gold inched higher on Tuesday, extending gains into a second straight session as poor economic data from both sides of the Atlantic helped raise hopes for further monetary stimulus measures, which would increase gold's appeal as an inflation hedge.
v Treasury investors cut bets on inflation to the least in six months and yields reached record lows as Bill Gross, who runs the world’s biggest bond fund, warned the U.S. economy may stop growing.
v The U.S. dollar faded a bit in Asian trading hours on Wednesday, after hitting a two-year high in the previous session on intensified concerns about Europe’s troubles
v Broadcom Corp. reported late Tuesday second-quarter profit fell to $160 million or 28 cents a share from $175 million, or 31 cents a share, a year ago.
v Netflix Inc.shares fell as much as 14% in after-hours trading Tuesday as the Internet-based video-streaming company said suggested it might not reach its goal of adding 7 million U.S. subscribers this year.
v Deutsche Bank AG said in a statement on Tuesday that its second-quarter net profit fell to 700 million Euros ($846 million) from 1.2 billion Euros in the same period a year ago.