STOCKS – European stocks lost ground following five sessions of gains, US stock futures trading lower ahead of earning reports, among the companies whose shares are expected to see activity are Intel Corp., J.P. Morgan Chase & Co., and Wells Fargo & Co.
BONDS – Swaps now suggest the Fed will lift its benchmark by next March. A year ago, markets indicated the Fed and ECB would be acting in unison by November 2016.
COMMODITIES – Oil prices kept moving higher on hopes U.S. shale oil production has peaked and may start falling.
CURRENCIES – The cable currency pair remained subdued on Tuesday and traded near 2010 post-election lows.
ECONOMIC DATA – US Retail Sales m/m and PPI due at 8:30, Business Inventories m/m at 10:00, CNY Industrial Production y/y and GDP due at 22:00 ET.