A Quick Glance at News

v Asian shares slid on Monday after U.S. jobs data and cooling inflation in China exacerbated worries about flagging global economic growth, with investors not particularly hopeful that a European meeting later in the day would bring further progress for the region's banks.
v The euro touched its lowest level in two years before regional finance ministers gather in Brussels today to discuss crisis-fighting measures adopted by heads of government at a summit last month.
v Yen rose after Japanese machinery orders sank the most in more than five years and Chinese Premier Wen Jiabao said the nation’s economy faces “relatively large” downward pressure. Bond risk climbed.

v German Bund futures hit one-month highs early on Monday with low expectations for further progress on the euro zone debt crisis at a meeting of finance ministers later in the day and as Spanish yields returned to dangerous levels
v Goldman Sachs Group Inc. and Bank of America Corp. say a weaker-than-forecast June jobs gain in the U.S. will lead the Federal Reserve to keep its benchmark interest rate at almost zero until the middle of 2015.
v China’s inflation eased to a 29-month low and Premier Wen Jiabao said the government will intensify its response to the economy’s slowdown as growth wanes in Asian neighbors from Japan to Vietnam.
v Japan’s current-account surplus was the smallest in May since at least 1985 and machinery orders fell the most in seven years, adding to signs a slump in demand is threatening the nation’s rebound.
v China’s stocks fell, dragging the benchmark index down to a six-month low, on concern corporate earnings growth will slow after Premier Wen Jiabao said the nation’s economy faces “relatively large” downward pressure
v Asia’s largest economy probably grew at the slowest pace in three years in the second quarter, underscoring the risks to a global recovery already threatened by a worsening crisis in the euro area and faltering employment gains in the U.S.
v Oil rebounded on speculation the biggest drop in two weeks was excessive after energy companies and labor unions in Norway failed to reach a compromise to prevent a strike from escalating.
v Gold prices were edging higher during East Asian Monday afternoon trade, with the metal benefitting from its safe-haven status amid a sharp sell-off in Asian stocks.v Wall Street has been running in circles for the past two months and the pattern may continue despite the upcoming start of the earnings season.
v Weak U.S. labor market data on Friday raised the chances in favor of the Fed launching a new round of monetary stimulus to boost growth, according to a Reuter’s poll.
v U.S. 10-year Treasuries held firm as the yield hovered near a one-month low on Monday after last week's surprisingly weak jobs data stirred fresh concerns about the strength of the economy's recovery.
v Aluminum Company Alcoa (AA.N) reports second-quarter results on Monday.Alcoa Inc. is expected to squeeze out a small second-quarter profit when it unofficially kicks off the latest round of corporate earnings Monday afternoon. On average, analysts forecast Alcoa will earn 5 cents a share for the quarter, down from 32 cents in the same 2011 period.v JPMorgan Chase & Co (JPM.N) will also report earnings next week, with investors eager to know how big the bank's losses will be following a botched trade. The initial estimated loss at the bank was $2 billion but later reports indicated it could balloon to more than four times that.