A Quick glance at News

v European stock futures and Asian shares climbed while the Japanese yen weakened as an unexpected drop in U.S. retail sales stoked speculation Federal Reserve Chairman Ben S. Bernanke will hint at further stimulus today. Corn advanced toward a record as U.S. crop conditions worsened.
v China’s stocks rose, helping the benchmark index rebound from a three-year low, after the government said it will boost railway infrastructure investment and forecast economic growth will pick up in the second half.
v Japan's Nikkei share average ticked down in early trade on Tuesday as the yen's gains against the dollar during a market holiday the previous day raised concerns over exporters.
v Investors awaited Federal Reserve Chairman Ben Bernanke's view on the U.S. economy later in the day, after weak U.S. retail sales and a lower International Monetary Fund global growth forecast raised hopes of more stimulus from the Fed.

v The International Monetary Fund on Monday cut its forecast for global economic growth and warned that the outlook could dim further if policymakers in the euro zone do not act with enough force and speed to quell their region's debt crisis.
v The euro rose versus the dollar on Tuesday as purchases from hedge funds triggered a flurry of stop-loss buying, pulling the greenback to a seven-week low against a basket of currencies, exacerbating its losses after poor U.S. retail sales figures.
v Foreign direct investment in China dropped 6.9 percent in June from a year earlier, the government said today as it signaled extra efforts to draw capital from abroad in the world’s second-biggest economy
v Singapore’s export growth unexpectedly quickened in June as pharmaceutical shipments rebounded, countering a smaller increase in electronics sales.
v Ireland’s Michael Noonan may press for a break on bank debt as he meets Mario Draghi after the European Central Bank argued for imposing losses on senior bondholders in failed lenders.v Oil traded near the highest level in seven weeks in New York amid speculation U.S. stockpiles will decline and tension with Iran may escalate.
v Gold edged higher on Tuesday ahead of Federal Reserve Chairman Ben Bernanke's Congressional testimony, which is expected to provide clues on whether the U.S. central bank will launch further monetary stimulus
v Developers historically haven’t thought about writing for Qualcomm (QCOM) chips directly. Consumers don’t hunt for the name Qualcomm when they buy a mobile gadget. But the company is working toward a future where the Qualcomm name becomes the go-to brand for both groups.
v Face book Inc. (FB), operator of the world’s largest social-networking service, posted its biggest one-day drop since May 29 amid investor concerns the company’s earnings report next week will point to slowing sales growth.
v Goldman Sachs Group Inc. is seeking to build up its private banking services, including lending to individuals and corporations, in a push to broaden its appeal among wealthy customers and shift away from reliance upon trading activities and corporate deal making, according to a report Tuesday.