WORLD HEADLINES – Turbulence in financial markets calmed after a knee-jerk selloff in stocks and rally in haven assets as investors reassessed the effects of Donald Trump’s surprise victory in the U.S. presidential election.
STOCKS – S&P 500 Index futures lost 1.9 percent during London, after earlier sliding as much as 5 percent as investors rushed to price in a Trump win.
BONDS – The spread between five- and 30-year Treasury yields widened amid speculation Trump as president would increase spending to spur economic growth, and swaps traders cut wagers on a Federal Reserve interest-rate hike next month.
COMMODITIES – Some industrial metals erased earlier losses after Trump’s speech. Copper gained as much as 4 percent and Nickel advanced as much as 1.7 percent.
CURRENCIES – Currencies viewed as havens strengthened, with the yen climbing 1.7 percent. While the euro gained as much as 2.5 percent, it gave up much of that advance to trade 0.3 percent stronger.
ECONOMIC DATA – Crude Oil Inventories due at 10:30, RBNZ Rate Statement at 15:00, RBNZ Press Conference at 16:00, RBNZ Gov Wheeler Speaks at 19:10 ET.