New Summary for June 6, 2011

This is your Benzinga news summary and trader's outlook for Monday, June 6, 2011, covering headlines from the weekend and Monday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are still trading slightly lower after Friday's disappointing employment data. The U.S. dollar fell over the weekend to its lowest level in a month. Over the weekend, the Euro rose against the dollar to the highest level since early May on positive comments about Greece and expectations to increase rates by the European Central Bank. On the economic calendar later today, export inspections on corn, soybeans, and wheat JGG are set to be released at 11:00 a.m. ET. Later this morning, Pep Boys PBY is expected to announce quarterly results. Analysts are expecting EPS for the first quarter to be $0.30 per share and revenues of $537 million. On the commodity front, gold futures started the day slightly green, and silver moved over 1% higher. However, crude oil and gasoline are both lower this morning, though natural gas is posting strong gains, up over 1.5%. In corporate news, Norwegian energy company Statoil STO arranged to sell approximately 24% of its European natural gas venture to German insurer Allianz and the Abu Dhabi Investment Authority for about 17 billion crowns. Moreover, according to a Wall Street Journal report, Goldman Sachs GS is expected to fight back against a Senate subcommittee report alleging the investment bank misled clients about mortgage-backed securities during the dawn of financial crisis. Finally, Apple's AAPL CEO Steve Jobs returns today and takes the stage to discuss the highly anticipated iCloud. This concludes your news summary for June 6, 2011.