World Headlines 2011-06-01

RQ Cross Box: 2011-06-01

UPDATED - 6:45 EST - EQUITIES - Asian markets closed higher. European bourses trading slightly lower. U.S. stock-index futures are little changed, following four days of gains for the Standard & Poor’s 500 Index, as investors await reports that may show U.S. companies hired fewer workers, while manufacturing cooled. COMMODITIES - Crude Oil is trading near the highest in three weeks on speculation of shrinking U.S. crude supplies. Commodities posted the biggest monthly drop in a year as the sovereign-debt crisis in Europe and accelerating inflation in China fanned speculation that global economic growth will slow. CURRENCIES - The US Dollar beat stocks, commodities and bonds in its first monthly gain since November, as the euro- region debt crisis deepened and evidence mounted that the global economic recovery may be losing momentum. The Aussie Dollar rose toward a three-week high, snapping a two-day loss, after a government report showed the nation’s economy contracted by less in the first quarter than some analysts forecast. ECONOMIC DATA - ADP Non Farm Employment Change due at 8:15. ECB President Trichet speaks at 9:00. ISM manufacturing and Treasury Sec. Geithner speaks at 10:00 est.

World Headlines 2011-06-01

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