PreMarket Trading: Focus on Economic Symposium

PreMarket Trading: Focus on Economic Symposium

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

WORLD HEADLINES – Global markets were firmly focused on the annual central banker mountain getaway in Jackson Hole in Wyoming that starts today and will see Federal Reserve chief Janet Yellen speak on Friday.

STOCKS – S&P 500 Index futures slipped 0.2 percent, after a late selloff in drug makers helped drag U.S. equities down 0.5 percent yesterday.

BONDS – U.S. Treasuries due in two years were little changed with their yield at a two-month high of 0.76 percent.

COMMODITIES – Crude oil was flat following a roughly 3 percent drop overnight after an unexpectedly large inventory build and renewed worries about oversupply. Gold was under pressure after sliding 2.1 percent over the last four days.

CURRENCIES – The Dollar Index, which tracks the currency against 10 peers, declined 0.1 percent, after climbing 0.8 percent over the last four trading sessions.


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