World Headlines 2011-02-09

RQ Cross Box: 2011-02-09

Updated 7:00 - EQUITIES - Asian equity markets closed mostly lower, in choppy trading, weighed by China's move to raise interest rates late Tuesday. European bourses trading mixed with US stock futures pointing to a lower Wall Street open, after a strong run that has taken prices to their highest levels in more than two and a half years. CURRENCIES - A quiet over night trading session of consolidation in the currency markets with most majors including the Euro and British Pound trading in tight ranges as traders focus on Fed Chairman Ben Benanke testimony later this morning. COMMODITIES - Crude Oil is trading higher from the lowest in eight days on speculation that the U.S. Energy Department's report later this morning will show a smaller increase in the country’s crude supplies than originally forecast. Wheat climbed to the highest level since August 2008 as drought threatened to damage crops in China and as Middle Eastern and African nations boosted purchases to tackle food inflation. ECONOMIC DATA - US Fed Chairman Bernanke testifies at 10:00 and Crude Oil Inventories due at 10:30 est.

World Headlines 2011-02-09

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