WORLD HEADLINES – Government bonds tumbled around the world and the dollar rose on speculation that the economic outlook is sufficiently strong to allow the Federal Reserve to step up the pace of interest-rate hikes.

STOCKS – S&P 500 Index futures slipped 0.1 percent, after the equity gauge rose 0.8 percent Tuesday.

BONDS – The yield on Treasuries due in a decade rose during the session, after retreating from its highest level of the year in the last session.

COMMODITIES – Copper and aluminum declined in London, extending their retreats from one-year highs reached last week, and zinc retreated from its highest close since 2010.

CURRENCIES – The US dollar climbed higher as currencies of commodity-producing nations, including the Australian dollar and South African rand, were among the biggest losers..

ECONOMIC DATA – US PPI and CAD Manufacturing Sales m/m due at 8:30, GBP MPC Member Cunliffe Speaks at 9:00, Industrial Production m/m at 9:15, Crude Oil Inventories at 10:30, NZD Unemployment Rate at 19:30 ET.