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PreMarket Trading: The Fed Effect

The Trading Room

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

WORLD HEADLINES – The Fed effect rang through the markets, sending stocks in Europe and emerging markets lower while the dollar gained for a second day.

STOCKS – The MSCI Emerging Markets Index fell 0.8 percent as two stocks declined for every one that advanced. S&P 500 futures fell 0.1 percent, after equities ended lower on Friday.

BONDS – The prospect of a rate increase next month is now firmly on the table, with the probability rising to 42 percent from 22 percent in the space of a week.

COMMODITIES – Speculators slashed their short position in crude oil during the week ended Aug. 23, the most in data going back to 2006, according to the CFTC. Bets on rising prices jumped to the highest in more than a year.

CURRENCIES – The Bloomberg Dollar Spot Index gained 0.2 percent, after surging 0.8 percent on Friday.

ECONOMIC DATA – US Personal Spending m/m and Core PCE Price Index m/m due at 8:30, AUD Building Approvals m/m at 21:30 ET.


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COMMODITY FUTURES, OPTIONS, AND FOREX TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS.
 
 
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