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From DealingFloor:

** EUROPE: HEADLINES **

- Most European Markets are Closed Today for Labour Day
- Asian Commodity Stocks Advance, Led by BHP on Higher Oil; Exporters Drop
- Oil Trades Up to $72 as Rice Says U.S. to Press for Sanctions Against Iran
- Yen Rises to Six-Month High on Speculation Bank of Japan Will Raise Rates
- South Korean Exports Gained 12.7 Percent in April on Car, Chip Shipments
- Silver Rises in Asia on Expectation Investors Will Drive Prices Higher
-Copper Prices in New York Rise as Chilean Mine Workers Prepare to Strike
- Japan’s April Commodity Futures Exchanges Trading Volume Rises 7.5 Percent
- Gold May Gain for Eighth Week as Dispute With Iran Escalates, Survey Shows

** US: IN PLAY TODAY **

Personal Income & Spending will be published at 14:30 CET followed by ISM Manufacturing at 16:00 CET. Among companies reporting today are Comverse Technology, Principal Financial, Chesapeake Energy, Sysco, Fisher Scientific, Humana, Public Service Enterprise and Tyson Foods.

Source: Monday Morning View From Europe