Europe: For the second day in succession, the price of Asian metal mining share price fell considerably while the price of commodities rebounded. The news comes amidst the parliamentary approval received by Greece’s prime minister for the international bailout package received. The oil industry suffered 0.6 percent downfall in New York while the Euro climbed 0.4 percent in Tokyo.

The Standard & Poor’s 500 Index futures climbed 0.3 percent while the MSCI Asia Pacific Index slipped 0.5 percent. Along with the MSCI Asia index, the Kospi Index (KOSPI) in South Korea also retreated by 0.6 percent. In response, the price of metal products and the cost of the metal mining industry slipped as well in Asia. In the economic assessment report to be released by Japan, it is highly probable that the report will show high purchase ratio for existing US homes when compared with the same in the last two years.

A US bonds investor at Daiwa SB Investments Ltd., Kei Katayama, commented, “People are starting to realize that there is gradual growth in the economy. I’m concerned that there’s a global bond bubble. Maybe not within a week or a month, but there’s a risk that yields will rise globally.”