Pre-Market Trading Report – Gold Exceeded $1,300

Pre-Market Trading Report – Gold Exceeded $1,300

UPDATED 6:30 am ET

STOCKS – Asian stocks advanced as technology and financial shares climbed ahead of a ECB meeting. European stocks halted a four-day rally that took them to a seven-year high and U.S. stock-index futures were little changed.
 
BONDS – Treasury 10-year notes dropped with their German counterparts as ECB  member Ewald Nowotny said investors should not get carried away by one policy meeting.
 
COMMODITIES – Gold exceeded $1,300 an ounce for the first time since August on speculation slowing global growth will prompt central banks to boost stimulus, spurring haven demand.
 
CURRENCIES – The pound weakened as details of the Bank of England’s first unanimous decision on monetary policy since July damped the outlook for higher interest rates that would support the currency.

ECONOMIC DATA –  US Building Permits and CAD Wholesale Sales m/m due at 8:30, CAD BOC Rate Statement at 10:00, BOC Press Conference at 11:15 ET.

 

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