Pre-Market Trading: Global Stocks Rally

Pre-Market Trading: Global Stocks Rally

 What’s Next in the Global Markets? More Risk ON Sentiment?

Pre-market price action and scheduled economic data that may have an impact on the global financial markets:

STOCKS – Global stocks rose with futures on the Standard & Poor’s 500 Index expiring in March rose 1.2 percent, indicating equities will extend gains after posting their strongest weekly advance since November.

BONDS – Ten-year yields on UK government debt rose 2 basis points to 1.44 percent. German 10-year yields, the euro zone benchmark, were flat at 0.2 percent.

COMMODITIES – Gold for immediate delivery slid 1.9 percent in a second day of losses. Copper on the London Metal Exchange gained 1.4 percent.

CURRENCIES – The pound slid as a split in the U.K.’s ruling party over European Union membership increased the potential for an exit from the bloc. The yen slipped 0.4 percent to 113.13 per dollar on reduced demand for havens.

ECONOMIC DATA – US Flash Manufacturing PMI at 9:45 ET.

      – Trading Team, Rios Quantitative LLC

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