A Quick Glance at News

v Asian shares fell on Wednesday on worries that the global economic slowdown will erode corporate earnings, with the market unconvinced the euro zone can decisively bring down struggling member states' borrowing costs even after yields pulled back.
v The yen remained stronger against the dollar after a three-day gain on signs Europe’s debt crisis is hurting growth and on bets Japan’s central bank will refrain from adding stimulus to temper the currency’s appreciation.
v The minutes could serve to refocus the market’s attention on the fact that the Fed again has both hands back on the QE bazooka,” Citigroup Inc. strategists Todd Elmer and Andrew Cox wrote in a report today. “Indications that the Fed’s perception of the balance of risks is shifting should be U.S. dollar negative.” v The Australian dollar may be poised for losses should it fall below $1.0145, according to UBS AG, citing trading patterns.
v The Nikkei 225 Stock Average dropped 0.5 percent as the yen rose to a five-week high against the euro before a Bank of Japan policy decision tomorrow. Trading volume on Japan’s benchmark index was about 15 percent below the 30-day intraday average.
v Spot gold firmed on Wednesday, after posting its biggest one-day decline since late June as a meeting of euro zone finance ministers disappointed some investors looking for more progress on resolving the region's debt crisis.
v Brent rose above $98 a barrel on Wednesday, recovering slightly from the previous session's losses, ahead of U.S. inventory data that is expected to show crude stocks shrinking for a third week in the world's largest oil consumer
v Treasuries interrupted a four-day gain before the U.S. sells $21 billion of 10-year notes today, with the yield six basis points from the record low.
v Apple Inc. (AAPL) said the latest iPad will arrive in China on July 20, working to extend its lead in the tablet market by courting new business in the world’s most populous nation.