PreMarket: Emerging stocks leading markets

PreMarket: Emerging stocks leading markets

Pre-market trading activity and scheduled economic data that may have an impact on the global financial markets. ​

WORLD HEADLINES – Stocks rose around the world, led by emerging-markets, as oil climbed further after its best week since April and traders pushed back bets on higher U.S. interest rates.


STOCKS – S&P 500 Index futures traded flat, after U.S. equities slipped from their highs on Friday following disappointing retail sales and consumer confidence data.


BONDS – The yield on Treasuries due in a decade fell two basis points to 1.50 percent, after dropping by five basis points on Friday.


COMMODITIES – Hedge funds and other speculators cut their wagers on a bullion rally for the fourth time in five weeks. The metal’s 30-day historical volatility has dropped to the lowest since November and pen interest is also on the decline.


CURRENCIES – Sterling reached a one-month low Monday before reports on inflation, retail sales and unemployment benefit claims for July, which will provide more detail on how the economy is faring after the Brexit referendum.


 

ECONOMIC DATA – US Empire State Manufacturing Index due at 8:30, NAHB Housing Market Index at 10:00, AUD Monetary Policy Meeting Minutes at 21:30 ET.


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