World Headlines: Stocks Advance

World Headlines: Stocks Advance

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

  

WORLD HEADLINES – Stocks in Europe advanced for a second day as the euro headed for its worst week since March. The dollar extended its rally after the U.S. House passed a resolution that brings tax cuts a step closer and speculation mounted a hawkish candidate may become the next Federal Reserve chair.

STOCKS – Gains in the Stoxx Europe 600 Index were broad-based as the European Central Bank’s slow approach to reducing stimulus encouraged equity bulls. US stock futures also rose.

BONDS – The yield on 10-year Treasuries decreased one basis point to 2.45 percent.  Germany’s 10-year yield decreased one basis point to 0.41 percent.

COMMODITIES – Copper decreased 1.5 percent to $3.13 a pound, the lowest in more than two weeks.

CURRENCIES – The British pound declined 0.4 percent to $1.3102, the weakest in three weeks.

ECONOMIC DATA – US Advance GDP q/q due at 8:30, Revised UoM Consumer Sentiment at 10:00 ET.

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COMMODITY FUTURES, OPTIONS, AND FOREX TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
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