Currencies

• EUR/USD The euro fell against the dollar after Germany's ruling party lost the election and grew concern on weaker bailouts for the euro area's indebted states.
  • The Social Democrats, Germany's main opposition party, took 36.1 percent to win yesterday's election in Mecklenburg-Western Pomerania, while Merkel's Christian Democratic Union had 23.3 percent
  • The dollar rose to $1.4137 per euro before trading at $1.4161 as of 6:38 a.m. in London from $1.4205 in New York on Sept. 2.
  
  

• USD/JPY The dollar traded higher against major rivals Monday when investors turned to the U.S. currency for its perceived safe-haven appeal.
  • The federal agency that oversees housing U.S. lenders is preparing to file suit against more than a dozen banks for misrepresenting the quality of securities backed by home loans the New York Times said.
  • The dollar increased against the Yen and bought ¥76.85, up from ¥76.72 late Friday.
  
  

• GBP/USD The pound entered the early trading session with a loss against the dollar but started recovering the last few hours.
  • The British currency was trading at $1.61655 around 7:30 a.m. London time after reaching $1.61360.
  
  

Commodities

• Gold fell as equities slumped on concern that the European sovereign-debt crisis is worsening and investors sold the metal for cash to cover loses.
  • Immediate-delivery gold traded 0.3 percent lower at $1,876.65 at 1:02 p.m. Singapore time after swinging between gains and losses of 0.5 percent.

• Oil declined for a second day in New York as investors speculated that signs the Chinese and U.S. economies are weakening indicate fuel demand will falter in the world's biggest crude-consuming nations.
  • Crude for October delivery fell as much as 77 cents to $85.68 a barrel in electronic trading on the New York Mercantile Exchange, and was at $85.83 at 1:37 p.m. Sydney time.

Equities

• US Stocks fell as dismal jobs report reignited concerns about a slip back into recession.
  • The S&P 500 declined 2.53 percent to 1,173.97.
  • The Dow Jones Industrial Average sank 253.31 points, or 2.20%, to 11240.26.


• European stocks slumped as weak U.S. employment data added to concerns about the world's largest economy.
  • The FTSE 100 index dropped 2.3% to 5292.03.
  • France's CAC 40 Index dropped 3.6% to 3148.53 while Germany's DAX Index shed 3.4% to 5538.33.

• Asian stocks fell as mining companies and exporters dropped after the U.S. jobs market stalled in August, amid concern U.S. may be moving towards to recession.
  • BHP Billiton Ltd. (BHP), the world's largest mining company and Australia's No. 1 oil producer, retreated 2.1 percent.
  • The MSCI Asia Pacific Index dropped 2.4 percent to 121.19 as of 2:18 p.m. in Tokyo.
  • Japan's Nikkei 225 Stock Average decreased 2 percent.
  • Hong Kong's Hang Seng Index slumped 2.2 percent, while the Shanghai Composite Index slipped 1.7 percent.

Sources: Bloomberg, FT