A Quick Glance at News

v Germany’s high court decides the fate of Europe’s bailout this week when it judges the viability of the single currency’s emergency fund, after the European Central Bank pledged unlimited funding to overcome the crisis.

v European stock futures fell and the euro snapped a three-day advance amid renewed concern the region’s debt crisis will worsen. Emerging-market currencies strengthened and copper rose on speculation the world’s biggest economies will use monetary easing to combat slowdowns.

v Hong Kong’s Hang Seng China Enterprises Index of mainland companies fell 0.4 percent after Chinese President Hu Jintao said on Sept. 8 that the economy faces “notable downward pressure.” The nation’s industrial output increased 8.9 percent in August from a year earlier, the least in six months, and imports fell for the first time since January, according to data released yesterday and today.

v The 17-nation euro weakened 0.3 percent to $1.2783 after rising 2 percent in the previous three days. Greece’s Samaras meets officials from the nation’s creditors after failed to secure agreement from his coalition partners on 11.5 billion euros ($14.7 billion) of spending cuts required by lenders.

v Oil traded in New York near the highest price in a week amid speculation that countries including the U.S. and China will add economic stimulus, countering signs of a slowdown threatening fuel demand.

v Just six months ago, money market traders expected the Federal Reserve to raise interest rates by the end of 2013. Now, they see borrowing costs staying at record lows for about three more years as the economic outlook worsens.

v Japan's Nikkei share average slipped on Monday, led by exporters as the yen strengthened on mounting expectations that the Federal Reserve would launch further stimulus measures after weaker-than-expected U.S. jobs data.

v JPMorgan Chase & Co (JPM.N) is considering smaller bonuses for CEO James Dimon and other executives while Citigroup Inc (C.N) is also rethinking executive pay structure, both eager to placate investors after management miscues this year, the Wall Street Journal reported.

v China posted a wider-than-expected trade surplus in August as imports unexpectedly contracted from the year-ago period, suggesting anemic domestic demand, according to data released Monday.

v Japan trimmed its gross domestic product for the April-June quarter on Monday, although separate data showed the nation's current-account surplus widening despite a trade deficit. Japan's GDP grew 0.2% during the calendar second-quarter, revised down from an initial estimate of 0.3% growth, the Cabinet Office said.

v Amazon.com, in an apparent switch in its pricing policy, said over the weekend that it will allow purchasers of its new Kindle Fire tablets to pay $15 extra to turn off advertisements that are built into the devices.

v Caterpillar expects China turnaround in early 2013, Caterpillar president: China's new investment plan is "good news"

v Glencore International Plc (GLEN), which last week raised its bid for Xstrata Plc (XTA) in an effort to win approval for the $36 billion takeover, said the sweetened offer for the Swiss mining company is final.