Currencies

• EUR/USD The euro rose toward a one-month high after Chancellor Angela Merkel told U.S. President Barack Obama that the 17-nation region will overcome its debt crisis and come out of this stronger.
  • The euro advanced to $1.4607 at 1:40 p.m. in Tokyo from $1.4576 in New York yesterday.


• USD/JPY The dollar rose against the Japanese currency since yesterday.
  • The yen fetched 80.26 per dollar from 80.10 yesterday and it was trading around 80.29 at 7:25 a.m. London time.


• GBP/USD The dollar was modestly higher after a U.S. Federal Reserve official said late Monday that the U.S. central bank shouldn't take any more easing action.
  • The British pound slipped to $1.6333 from $1.6353 and was trading at 1.6375 around 7:30 a.m. London time.

Commodities

• Gold Growing fears about economic recovery in the U.S. and a sovereign-debt crisis in Europe boosted the demand for precious metals.
  • Immediate-delivery gold was little changed at $1,544.92 an ounce at 12:31 p.m. in Singapore.
  • The August-delivery contract was also little changed at $1,545.40 an ounce.

• Oil dropped for a third day in New York amid speculation OPEC may increase output quotas when it meets in Vienna tomorrow.
  • The Organization of Petroleum Exporting Countries may raise production limits, Barclays Plc said June 6.
  • Crude for July delivery slid as much as 68 cents to $98.33 a barrel in electronic trading on the New York Mercantile Exchange and was at $98.52 at 12:16 p.m. Singapore time.

Equities

• U.S. fell for a fourth day amid concern economic growth is slowing and the Federal Reserve will boost capital requirements for the nation's largest banks.
  • The S&P 500 fell 1.1 percent to 1,286.17 at 4 p.m. in New York yesterday.
  • The Dow Jones Industrial Average slipped 61.30 points, or 0.5 percent, to 12,089.96 yesterday.


• European stock retreated for a fourth straight day, amid growing concern the global economy is weakening.
  • Unione di Banche Italiane ScpA and Societe Generale SA slid more than 2 percent.
  • The Stoxx 600 declined 0.6 percent to 272.16 at the 4:30 p.m. close in London
  • U.K.'s FTSE 100 climbed 0.1 percent.
  • Germany's DAX Index slid 0.3 percent, France's CAC 40 lost 0.7 percent.


• Asian stocks swung between gains and losses after European Central Bank President Jean-Claude Trichet indicated his willingness to sanction bond rollovers in Greece.
  • The MSCI Asia Pacific Index fell 0.1 percent to 133.46 as of 1:41 p.m. in Tokyo.
  • The Nikkei 225 Stock Average gained 0.6 percent to 9,433.17 as of 1:45 p.m. Tokyo time.
  • Hong Kong's Hang Seng Index dropped 0.5%.

Sources: Bloomberg, FT