A Quick Glance at News

v European stock futures fell and the euro headed for its worst week this year after interest-rate cuts in Europe and China failed to assure investors the moves will be enough to boost economic growth. Asian stocks and oil retreated for a second day before a monthly U.S. jobs report.
v Ten-year Spanish government bond yields rose on Friday, returning to levels seen before euro zone leaders last week announced a raft of measures to try and stem the region's debt crisis.
v U.S. payrolls increased by 100,000 workers last month after a 69,000 gain in May, according to the median forecast of 84 economists surveyed by Bloomberg News ahead of Labor Department figures today. The unemployment rate probably remained at 8.2 percent.v Japan's government debt prices rose on Friday and 10-year bond futures hit a five-week high as market players positioned for the possibility of easing by the Bank of Japan next week, after moves by central banks in Europe and China to stimulate growth.
v Japan's Government Pension Investment Fund, the world's biggest public pension fund, said on Friday it sold or cashed out a total of 2.54 trillion yen ($31.77 billion) of domestic and foreign bonds in the financial year that ended in March to raise cash to cover to payout shortfalls.
v German Bund futures hit three week highs on Friday after the ECB cut interest rates the previous day, but did not provide any hint about future measures to stem selling pressure on peripheral debt.
v A monthly gauge of online labor demand in the United States rose in June, led by jobs available in the transportation and warehousing sector, while retail positions regained momentum, the operator of a job search website said on Friday.
v The rand declined for a third day as metals fell and the euro headed for its worst week this year after interest-rate cuts in Europe and China failed to assure investors the moves will be enough to boost economic growth.
v Australia’s dollar fell along with Asian stocks amid concern the European Central Bank’s cut in interest rates yesterday won’t be enough to stem the region’s debt crisis, damping demand for riskier assets
v The head of the International Monetary Fund expressed concern on Friday at a deterioration in the global economy, saying the outlook has become more worrying as developed and big emerging nations show signs of slowing down.
v Gold remained on track for a second straight week of gains on Friday, though it was little changed from the day before as investors waited for more U.S. jobs data to help gauge the health of the world's top economy and provide trading cues.
v Oil fell a second day in New York, trimming a weekly gain, after interest-rate cuts in Europe and China failed to assure investors the moves will be enough to boost economic growth and support demand.
v Copper fell on Friday, in step with most commodities, as moves by China, the euro zone and Britain to loosen monetary policy to boost growth spooked investors who saw the measures as a sign of growing alarm about the global economic slowdown.
v South Korea, due to decide on its benchmark interest rate next week, has a growing case to cut borrowing costs, according to Mizuho Corporate Bank Ltd. and ING Groep NV. Singapore, Malaysia, Australia, Thailand and India all have room to ease policy, said Vishnu Varathan, an economist at Mizuho.
v Amazon.com Inc. (AMZN) is developing a Smartphone that would vie with Apple Inc. (AAPL)’s iPhone and handheld devices that run Google Inc. (GOOG)’s Android operating system, two people with knowledge of the matter said.
v Soaraway sales of the Galaxy Smartphone drove record quarterly profit of $5.9 billion at Samsung Electronics, though the South Korean tech giant is sweating over how Europe's debt crisis is denting demand in its biggest market for televisions and home appliances.
v Samsung Electronics Co. the world’s largest maker of televisions and mobile phones, fell in Seoul trading after second-quarter sales missed estimates, fanning concern that Europe’s debt crisis is dragging on demand.