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Pre-Market Trading – Stock Futures Trading Higher

The Trading Room

UPDATED 6:30 am ET

STOCKS – Asian stock markets closed higher, European bourses and US stock futures trading higher ahead of the Wall Street opening bell.
BONDS – The extra yield on 30-year Treasuries over five-year notes shrank to the least in almost six years on speculation the Federal Reserve will raise interest rates in 2015 while inflation expectations fall around the world.
 
COMMODITIES – Saudi Arabia and the United Arab Emirates reiterated pledges to keep pumping the same amount of crude, blaming non-OPEC producers for the glut of oil that’s driven prices to the lowest in five years.
 
CURRENCIES – The euro strengthened versus the dollar amid speculation a recent drop that pushed it to a two-year low was overdone.

ECONOMIC DATA –  US Existing Home Sales due at 10:00, NZD Trade Balance at 16:45 ET.
 
 
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