A Quick Glance at News

·     Stocks could struggle to stay close to nearly five-year highs this week as worries mount about third-quarter earnings and the market appears primed for a pullback from recent stimulus-driven gains.· Asian stocks retreated from near a four-month high, the Australian dollar weakened and commodities fell on concern renewed discord among European leaders will hinder resolution to the debt crisis.

·     Chancellor Angela Merkel and President Francois Hollande clashed over the weekend on a timetable for starting joint oversight of Europe’s banking sector, underlining tension between the two countries.

·     U.S. investors will be looking for a possible bailout request from Spain and U.S. housing data to set the trading tone in the coming week, as they watch out for any corporate guidance ahead of the so-called quarterly earnings season in mid-October.

·     From the end of 2008 through July, no major currency appreciated as much as Australia’s dollar, thanks to booming shipments of iron ore and other commodities to China. Since then, it’s the worst performer as the engine of world growth slows.

·      Standard & Poor’s 500 Index futures slipped 0.1 percent. Oil declined 0.6 percent. Copper fell 0.7 percent, and platinum, palladium and silver dropped at least 1 percent.

·     China’s manufacturers and retailers are less optimistic about sales than they were three months ago and are cutting jobs, according to the findings of a survey by New York-based researcher CBB International LLC.

·    The Nikkei 225 Stock Average (NKY) dropped 0.5 percent, with Japan’s benchmark gauge close to erasing gains for the quarter.

·      Oil fell from the highest price in three days on concern that European debt-crisis talks will falter and threaten the economic recovery, outweighing tensions in the Middle East

·      Euro zone states are preparing to allow the bloc's permanent bailout fund to leverage its capital in the same way as its predecessor so it can reach a capacity of more than 2 trillion euros and rescue big countries if necessary, Der Spiegel said on Sunday.

·     Cyber attacks against U.S. banks in recent days may have been carried out by Iran’s government, Senator Joseph Lieberman said.

·     Las Vegas Sands Corp. (LVS), the casino operator controlled by billionaire Sheldon Adelson, should break up into three companies to boost its stock-market value, a shareholder recommended.

·     The dollar turned higher during Asia trading Monday, gaining against the euro as financial troubles in Greece and Spain fanned fears about the debt-stricken currency bloc.

·     Apple Inc has asked for a court order for a permanent U.S. sales ban on Samsung Electronics products alleged to have violated its patents along with additional damages of $707 million on top of the billion-dollar verdict won by the iPhone maker last month.

·     Apple Inc. supplier Foxconn Technology Group ordered one of its Chinese factories closed Monday after a dormitory brawl reportedly escalated into a violent riot that took several hours to bring under control.