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Pre-Market Trading Report – Crude Oil Inventories

The Trading Room

UPDATED 6:55 am ET

STOCKS – European stocks declined for a second day, erasing earlier gains, as Greek equities led losses. Nasdaq 100 Index futures rallied, as Apple Inc. posted a record $18 billion in quarterly profit.

BONDS – Two-year Treasury yields held above 0.51 percent in European trade, after falling on Tuesday when corporate earnings and durable goods data came in weaker than forecast.

COMMODITIES – Gold hovered at 1,288 an ounce while copper, which has lost 25 percent in the last six months, climbed 1 percent.

CURRENCIES – The dollar was starting to slide against the euro, the yen and other currencies, anticipating a statement after the Fed’s first meeting of the year ends later today.

ECONOMIC DATA – Crude Oil Inventories due at 10:30, BOE Gov Carney Speaks at 13:50, FOMC Statement at 14:00, RBNZ Rate Statement at 15:00 ET.

 
 
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