Pre-market trading activity and scheduled economic data that may have an impact on the global financial markets.
WORLD HEADLINES – European stocks joined a retreat in emerging markets and oil fell for the first time in a week as investors awaited minutes from the Federal Reserve to better assess whether markets had become too complacent on the prospects for interest rate hikes.
STOCKS – The S&P 500 futures traded slightly lower in a tight range after slipping on Tuesday.
BONDS – Fed funds futures implied 51 percent odds for a rate increase by year-end, compared with 42 percent at the end of last week, according to Bloomberg calculations.
COMMODITIES – Oil halted its advance after the biggest four-day gain since April as weekly industry data showed U.S. gasoline stockpiles expanded. U.S. natural gas futures rose 1.1 percent, a fourth day of gains and the longest rally since the start of June.
CURRENCIES – The Bloomberg Dollar Spot Index rose 0.4 percent, after sliding 1 percent over the past three days.
ECONOMIC DATA – Crude Oil Inventories due at 10:30, FOMC Member Bullard Speaks at 13:00, FOMC Meeting Minutes at 14:00, AUD Employment Change at 21:30 ET.
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