Markets were mixed in overnight trade in Asia, with China's Shanghai Composite off 1.7 percent. European shares are marginally lower while U.S. futures point to a negative open.
Indian inflation rose at a slower pace than expected in June, up 7.25 percent from June 2011. Economists had forecast an increase of 7.61 percent during the period. Here's why everyone is freaking out about India >
France will bail out its auto industry as losses in the European market grow. The country's finance minister said France will officially unveil the plan on July 25 after Peugeot-Citroën said it would lay off 8,000 employees and close a plant.
Proctor & Gamble is seeking advisors to help it deal with activist investor Bill Ackman, Bloomberg's Jeffrey McCracken and Lauren Coleman-Lochner report. Here's how Ackman's investments did in May >