FT Alphaville " The Closer The US S&P 500 closed roughly where it started the day after having fallen early in the trading session, while yields on safe haven debt rebounded somewhat from Friday's lows. European markets were mixed. The MF Global trustee's report to the bankruptcy court threatened to sue Jon Corzine and, well, quite a few other people and entities. "Chesapeake Energy, the second-largest US natural gas producer, has shaken up its board after pressure from its largest shareholders to address concerns about corporate governance," the FT reports. Portugal will inject €6.6bn into three of its banks to ensure that they meet the capital requirements set by the European Banking Authority. Most of the funds will come from the IMF-EU bailout programme agreed last year. The G7 will host emergency talks via conference call on Tuesday. From Reuters: "Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday in a sign of heightened global alarm about strains in the 17-nation European currency area." In the US we'll get the ISM non-manufacturing index at 10am EST. Markets in the UK will be closed again Tuesday for the Queen's 60th diamond jubilee. Mike Konczal interviews Joe Gagnon. Alan Beattie sets things straight on Spanish unemployment. What Michael Bloomberg might do next. Felix Salmon on the Soros speech. A few key dates for Europe, via Calculated Risk. The BIS quarterly review - not pretty. This entry was posted by Cardiff Garcia on Monday, June 4th, 2012 at 22:30 and is filed under Uncategorised.