World Headlines 2012-05-11

RQ Cross Box: 2012-05-11

UPDATED 7:00 EDT - EQUITIES - Asian stock markets slid for a third day, with the regional index capping its worst week in almost six months, as JPMorgan Chase & Co. revealed a $2 billion trading loss and China’s industrial output grew at a slower pace, while Indian factory production fell. European bourses trading lower with US stock index futures pointing to a lower Wall Street opening bell. COMMODITIES - Crude Oil fell, heading for a second weekly drop, on concern that Europe’s debt crisis will worsen and curb fuel demand as global crude supplies increase. Gold traders are the least bullish in five weeks after the metal erased almost all of this year’s gains. CURRENCIES - The Euro rose from a three-month low against the dollar on optimism Greece’s political leaders will reach an agreement on forming a new government that will keep the country in the single-currency union. The British Pound fell against the dollar, extending a second weekly decline, after an industry report showed U.K. consumer confidence dropped last month. ECONOMIC DATA - CAD Unemployment Rate and US PPI due at 8:30, Prelim UoM Consumer Sentiment due at 9:55 EDT.

World Headlines 2012-05-11

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