World Headlines 2012-08-10

RQ Cross Box: 2012-08-10

UPDATED 6:00 EDT – EQUITIES - Asian stocks dropped, with the regional benchmark index trimming the biggest weekly advance since January. European stocks dropped, snapping a five-day rally, as worse-than-expected Chinese trade data added to evidence the global economy is slowing. US stock index futures trading lower pointing to a lower Wall Street open. COMMODITIES - Corn rallied to a record on speculation that the U.S. Department of Agriculture will reduce yield estimates in a report today as the worst U.S. drought since 1956 scorches crops, driving global food costs higher. CURRENCIES - The euro fell for a fourth day against the dollar as Germany’s economy ministry said the outlook for faster growth is fading amid the currency-bloc’s sovereign-debt crisis. ECONOMIC DATA - CAD Unemployment Rate due at 8:30 EDT.

World Headlines 2012-08-10

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