U.S. stock index futures were little changed on Monday ahead of data on new home sales, following the best three-week period on the S&P 500 Index in almost a year.
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The euro edged up against the dollar on Monday but came off early highs as investors concluded that although European bank stress tests revealed no horrors they delivered no compelling reason to buy the single currency.
Gold softened on Monday, losing some of its safe-haven appeal after a European banks stress test showed no nasty surprises, but physical buying offered support as levels below $1,200 an ounce attracted bargain hunters.
A World Trade Organisation panel has ruled that the European Union was wrong to impose duties on three types of electronics products from the United States and other countries, trade sources said on Monday.
Financial Crisis Inquiry Commission, a U.S. panel investigating the causes of the financial crises, may bring in outside accountants to scrutinize Goldman Sach's systems for data on its derivatives business, the panel's chairman told the Financial Times.
The global bullion market is now looking at Greece for a further boost to lift its spirit as officials from the International Monetary Fund (IMF) conduct a fiscal checkup required before the country gets its second loan instalment in mid-September.
Stock index futures were little changed on Monday ahead of data on new home sales, following the best three-week period on the S&P 500 Index in almost a year.
Oil fell moderately on Monday as Tropical Storm Bonnie faded over the Gulf of Mexico, but trading was cautious ahead of U.S. economic and corporate earnings data.
Oil traders were reluctant to push oil prices too far in either direction before the release of US figures later in the day. Many are concentrating on the prospects of the United States, since it has been the main source in recent weeks of disappointing economic data that has kept alive fears of an erratic global recovery.
BP Plc is expected to install an American troubleshooter as chief executive in the next 24 hours, replacing Tony Hayward, who has come under fire for his handling of the worst oil spill in U.S. history.
Investors gave European banks the benefit of the doubt on Monday over stress tests that prompted more transparency from Spanish banks needing to raise capital than from German banks cagey about sovereign debt.
Stock index futures pointed to a slightly lower open on Wall Street on Monday, as investors take a breather following last week's strong gains sparked by a flurry of reassuring company earnings.
Robust U.S. company earnings and surprisingly vigorous euro zone economic data generally trumped investor skepticism about European bank stress tests on Monday to lift global stocks and bolster the euro against the dollar
There is good news for the economies in Europe as the European bank stress test passed off without much problems. However, this good news has become a pain for gold prices as the stability in EU economy is set to hit the yellow metal in the international market.
Stock index futures pointed to a slightly lower open on Wall Street on Monday, as investors take a breather following last week's strong gains sparked by a flurry of reassuring company earnings.
The euro erased early gains against the dollar on Monday as caution set in after initial investor calm in the wake of the release of European banks' stress test results late on Friday.
Early risk-taking sentiment faded, with European shares down 0.4 percent .FTEU3 by mid-morning.
Just seven of 91 banks failed the tests, including six in Spain and Greece, for an overall capital shortfall of 3.5 billion euros.
Robust U.S. company earnings and surprisingly vigorous euro zone economic data generally trumped investor skepticism about European bank stress tests on Monday to lift global stocks and bolster the euro against the dollar
Gold gained on Monday on bargain hunting and purchases from jewelers but investors were on the sidelines after a European bank stress test showed few surprises and failed to spur safe-haven buying last week.
Platinum rose to its strongest in nearly a month on fund buying driven by gains in equities. Asian shares rose as solid U.S. corporate earnings and strong euro zone data offset growing skepticism the banks were not rigorously examined.
The euro firmed against the dollar on Monday as investors bought into riskier assets, calmed after the release of European banks' stress test results late on Friday.
Just seven of 91 banks failed the tests, including in Spain and Greece, for an overall capital shortfall of 3.5 billion euros.
Japanese exports rose more than expected in June from a year earlier but the pace of increase slowed for the fourth straight month, a sign the economic recovery may lose steam on moderating overseas demand.
Oil rose past $79 on Monday, supported by improved risk appetite and expectations that a forecast severe Atlantic hurricane season could bring further disruptions to oil and gas operations in the U.S. Gulf of Mexico.
Asian shares rose and the euro extended gains on Monday as solid U.S. corporate earnings and strong euro zone data offset growing skepticism that a stress test on European banks were not strict enough.
Gold prices recovered in Asian trade Monday mainly on bargain hunting while euro's gains also helped the bullion.
Gold for immediate delivery was seen trading at $ 1192.48 an ounce at 12.00 noon Singapore time while US gold futures for August delivery was at $1,192.2 an ounce after settling nearly $8 lower on Friday following the European stress tests.
