World Headlines 2011-07-14

RQ Cross Box: 2011-07-14

UPDATED 7:00 EST - EQUITIES - European stocks fell for the fourth day in five after Italy auctioned bonds and Moody’s Investors Service said the American government may lose the Aaa credit rating it’s held since 1917. Asian shares dropped, while U.S. index futures is trading slightly higher ahead of the opening bell. COMMODITIES - Gold rallied to a record after U.S. debt-ceiling talks stalled and Europe’s sovereign crisis persisted, boosting haven demand. Soybeans rose for a ninth session, the longest streak since August, on speculation hot weather in the U.S. will reduce yields and curb global stockpiles. CURRENCIES - US Dollar at records lows against the Swiss Franc on AAA rating warning. The Euro spiked to a high of 1.4280 in the early Asian session but was unable to hold to gains as it slipped back to the 1.4200 level. ECONOMIC DATA - US Retail Sales, PPI and Unemployment Claims due at 8:30. Fed Chairman Bernanke testifies at 10:00 est.

World Headlines 2011-07-14

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