World Headlines 2011-05-31

RQ Cross Box: 2011-05-31

UPDATED - 9:00 EST - EQUITIES - European stocks climbed after the euro rallied to a three-week high as investors speculated that European officials will sanction additional financial assistance for Greece. U.S. futures and Asian shares advanced. COMMODITIES - Crude Oil is trading higher for a second day, trimming the biggest monthly decline in a year. Wheat dropped, eliminating a monthly gain, after Russia, once the second-biggest exporter, said it will allow grain shipments to resume and as rains may alleviate drought in French growing areas. CURRENCIES - The Euro rose during the Tokyo session to a three-week high against the dollar. European Union leaders will decide on additional aid for Greece by the end of June and have ruled out a “total restructuring” of the nation’s debt, according to the head of the group of euro-area finance ministers. ECONOMIC DATA - Chicago PMI due at 9;45 and Consumer Confidence at 10:00 est.

World Headlines 2011-05-31

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