A Quick Glance at News

v Safe-haven assets were back in demand on Tuesday as investors played a waiting game ahead of a German ruling on the euro zone's new bailout fund, elections in the Netherlands and potential new stimulus from the U.S. Federal Reserve.

v The next generation iPhone 5, which Apple Inc. plans to release this week, could not only boost the tech giant's bottom line - but could give a significant boost to the overall U.S. economy.

v Most U.S. employers are unwilling to add workers because of uncertainty around November's elections, the Federal budget, and the effect of Europe's slowdown, according to a quarterly hiring survey by ManpowerGroup (MAN.N).

v Germany's Constitutional Court said on Tuesday it would not postpone its long-awaited ruling on the legality of the euro zone's bailout fund, despite a last-minute legal challenge by a eurosceptic lawmaker.

v The euro hovered below a near-four-month peak against the dollar on Tuesday as traders grew wary after the currency's sharp gains late last week and ahead of key events in Europe and the United States.

v Brent crude futures fell for the first time in four sessions on Tuesday as investors took profits, though they remained above $114 a barrel with declines limited by hopes the U.S. Federal Reserve would unveil further steps to stimulate the economy this week.

v European stocks fell for a second day amid concern developments in Spain or Germany will derail the European Central Bank’s bond-buying plan. Asian shares declined and U.S. index futures fluctuated.

v Billionaire investor George Soros said German-led austerity demands worsen the debt crisis and risk pushing Germany into a depression that’s already taking hold of the euro area’s rim.

v The MSCI Asia Pacific Index slid 0.3 percent today, while Standard & Poor’s 500 Index futures rose 0.2 percent.

v The U.S. trade deficit probably widened in July after shrinking to the lowest level since December 2010 as a slowing global economy limited demand for American-made goods, economists said before a report today.

v China’s stocks fell, dragging down the benchmark index by the most in a week, on concern the economic slowdown is deepening after auto sales missed analysts’ estimates and Macquarie Group Ltd. (MQG) cut its growth estimates.

v Cost-cutting by Japanese companies is dragging on wages, resulting in weaker consumer demand and a stronger case for monetary easing to counter deflation.

v Hewlett-Packard Co. (HPQ), the world’s largest personal-computer maker, expanded the total job cuts under its reorganization plan announced in May to 29,000, more than it had originally disclosed.

v Intel Corp. (INTC), the world’s largest semiconductor maker, slashed its third-quarter sales forecast, citing declining demand for personal computers from corporate customers in a weakening economy.