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Pre-Market: Stocks Gain

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

WORLD HEADLINES – The euro erased early losses and stocks gained as investors judged the failure of German Chancellor Angela Merkel’s coalition talks unlikely to harm the outlook for the region’s economy. Volumes may be lower than average this week due to the Thanksgiving holiday in the U.S.

STOCKS – The Stoxx Europe 600 Index rose as Germany’s DAX rebounded from a seven-week low. Car makers led the advance after Volkswagen AG raised sales forecasts.

BONDS – The gap between two- and 10-year Treasury yields again hit the tightest level in a decade, adding to concern about the pace of future economic growth.

COMMODITIES – West Texas Intermediate crude fell 0.2 percent to $56.41 a barrel. Copper declined 0.2 percent to $3.08 a pound.

CURRENCIES – The Japanese yen increased less than 0.05 percent to 112.09 per dollar, the strongest in more than five weeks.

ECONOMIC DATA – ECB President Draghi Speaks at 9:00 and 11:00, AUD Monetary Policy Meeting Minutes at 19:30 ET.

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