PreMarket Trading: Focus on Fed Speaker

PreMarket Trading: Focus on Fed Speaker

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

WORLD HEADLINES – The major financial benchmarks traded sideways as investors awaited comments from Federal Reserve Vice Chairman Stanley Fischer as well as U.S. data namely the consumer confidence index for August due later today, to get more clarity about the Federal Reserve’s next move.

STOCKS – Benchmark stock gauges in Asia and Europe advanced, while S&P 500 Index futures were little changed after the measure closed within 0.5 percent of a record.

BONDS – Ten-year U.S. Treasuries retreated, after rallying in the last session for the first time in a week.

COMMODITIES – Crude oil traded higher during the overnight trading session while the metals traded lower across the board led by gold futures.

CURRENCIES – The US dollar rose against other major currencies, with the ICE Dollar Index higher by 0.2%.

ECONOMIC DATA – Fed member Stanley Fischer speaks on Bloomberg at 6:30, CAD Current Account at 8:30, US CB Consumer Confidence at 10:00 ET.


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