Currencies

• EUR/USD The euro fell against most of its peers before Spain sells bonds this week amid concern Europe's debt crisis will persist.
  • The U.S. currency was little changed at $1.4393 per euro.


• USD/JPY The yen slid against all of its major counterparts after U.S. President Barack Obama and congressional leaders agreed on a plan to prevent a default, reducing demand for refuge currencies.
  • The yen slid to 77.58 against the greenback as of 2:03 p.m. in Tokyo from 76.76 on July 29 in New York.

• GBP/USD The British pound increased against the dollar from late Friday.
  • Sterling was trading $1.64388 around 7:00 a.m. London time.

Commodities

• Gold declined from a record as President Barack Obama said that U.S. lawmakers reached a deal to increase the nation's debt limit and cut the federal deficit, preventing a default tomorrow and eroding demand for haven assets.
  • Gold for immediate delivery lost as much as 1.3 percent to $1,607.45 an ounce, and traded at $1,615.65 at 12:24 p.m. in Singapore.

• Oil advanced from a two-week low in New York after President Barack Obama said leaders of both parties in the U.S. House and Senate approved a deal to raise the nation's debt ceiling, fueling optimism over the economic recovery in the world's biggest crude-consuming nation.
  • Crude for September delivery rose as much as $1.59 to $97.29 a barrel in electronic trading on the New York Mercantile Exchange and was at $96.93 at 2:01 p.m. Sydney time.

Equities

• U.S. stock futures rose as President Barack Obama announced an agreement to raise the federal debt limit and avoid a default.
  • The S&P 500 fell 0.65 percent on Friday.
  • The Dow Jones Industrial Average dropped 0.79 percent.


• European stocks slid last week before U.S. lawmakers agreed on a deal to raise the federal government's debt ceiling before the Aug. 2 deadline.
  • The U.K.'s FTSE 100 Index decreased 0.99 percent.
  • Germany's DAX Index (DAX) fell 0.44 percent, while France's CAC 40 Index (CAC) dropped 1.07 percent.

• Asian bank rose the most in over two months after U.S. President Barack Obama announced an agreement has been reached.
  • The MSCI Asia Pacific Index gained 1.7 percent to 139.06 as of 1:27 p.m. in Tokyo.
  • Japan's Nikkei 225 (NKY) Stock Average advanced 1.8 percent.
  • Hong Kong's Hang Seng Index climbed 1.5 percent, while China's Shanghai Composite Index rose 0.2 percent.

Sources: Bloomberg, FT