Today's Top Stories - June 1, 2015  

 

BEWARE THE BELL! U.S. stock index futures tracked Asian and European equities higher on Monday, after indifferent data from China raised expectations of further stimulus in the world's second biggest economy More

EUROPE: European equities were higher in morning trade on Monday as investors reacted to economic data from China and took bets that its central bank would provide more stimulus More

ASIA: The Shanghai Composite was turbo-charged on Monday and jumped 4.7 percent higher, its biggest daily gain since January 21 More

OIL: Crude oil prices dropped on Monday on expectations that OPEC production would remain high, stoking worries of oversupply despite declining U.S. rig operations More

GOLD: Gold held firm near $1,190 an ounce on Monday, supported by uncertainty over the Greek debt crisis, but the metal was unable to build on small gains in the past three sessions due to a strong dollar and the prospect of higher U.S. interest rates More

Austria wants the UK to give its gold back Austria has unveiled plans to repatriate billions of dollars' worth of its gold reserves back from the U.K., becoming the latest country keen to bring its gold home More

Once bankrupt Hostess fielding bidders in $2 billion deal Twinkies never die. Neither does its Hostess brand, apparently, as Post Foods joined the sea of bidders looking to acquire the snack company for as much as $2 billion, according to the New York Post More

Young women say no to thongs A young generation of women is discovering a new brand of sexy in the most unlikely of places: their grandmothers' underwear drawers. More

Cancer drug stocks set to move on ASCO news The stock-moving news flow started early out of the American Society of Clinical Oncology meeting in Chicago. On Friday, Bristol-Myers Squibb shares sank 6 percent after it unveiled findings for its immunotherapy Opdivo in the most common form of lung cancer, called non-squamous non-small cell lung cancer. The study showed the medicine helped some patients live longer than the chemotherapy docetaxel, but disappointed investors when it showed it may work less well in patients whose tumors don't express a marker known as PDL1, short for programmed cell death More

Wild week ahead as traders watch for June swoon Markets face a barrage of potential catalysts as the month of June begins, a traditional period of stock market weakness More

Rate hike needed to pop bubbles: Robert Shiller The Federal Reserve should consider lifting interest rates sooner rather than later to tackle speculative bubbles, Robert Shiller told CNBC More

Woman throws out Apple-1 worth $200K  A Silicon Valley-based recycling company is looking for a "mysterious lady" who dropped off a rare vintage Apple computer, so it can give her $100,000 More


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