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RiosQuant – Overnight Trading Action in the Global Markets

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>> STOCKS – European stocks declined for a fourth day, their longest losing streak in more than five months, as investors awaited U.S. jobs, services and home-sales data. U.S. futures were little changed, while Asian shares fell.

>> BONDS – Treasuries fell, with 10-year yields approaching the highest in almost two weeks, before an industry report that economists say will show job growth quickened, backing the case for the Federal Reserve to cut stimulus.

>> COMMODITIES – Crude Oil advanced for a fourth day, the longest rising streak since August. Corn gained 0.5 percent rising for a second day.

>> CURRENCIES – The Australian dollar dropped to a three-month low against the greenback after data showed economic growth was weaker than analysts estimated, damping demand for the nation’s assets.

>> ECONOMIC DATA – US ADP Non-Farm Employment Change due at 8:15, US Trade Balance and CAD Trade Balance at 8:30, US ISM Non-Manufacturing PMI and New Home Sales at 10:00, Crude Oil Inventories at 10:30, AUD Trade Balance at 19:30 ET.

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