PRE MARKET ACTIVITY: Global stocks hit an eight-month high

PRE MARKET ACTIVITY: Global stocks hit an eight-month high

 Pre-market activity and scheduled economic data that may have an impact on the global financial markets. 

WORLD HEADLINES – Global stocks hit an eight-month high during the overnight trading session as the Bank of England prepared to deliver its Brexit defense plan, a move investors believe could set off another round of global central bank- and government-led stimulus.

STOCKS – Wall Street futures pointed to U.S. markets adding to their record highs.

BONDS – Sovereign debt fell in the U.S., the U.K., Japan and Germany. The yield on U.S. Treasuries due in a decade rose three basis points to 1.51 percent.

COMMODITIES – Corn advanced 1.3 percent, climbing for a third day as forecasts for hot and dry weather in the U.S. Midwest raise concern crop yields will deteriorate.

CURRENCIES – The Japanese yen weakened 1 percent versus the dollar, after earlier strengthening as much as 0.5 percent.

ECONOMIC DATA – US Unemployment Claims, PPI m/m and CAD NHPI m/m due at 8:30, Natural Gas Storage at 10:30, CNY GDP q/y at 22:00 ET.


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