You are currently viewing Focus Shifts to Earnings: Stocks Rally

Focus Shifts to Earnings: Stocks Rally

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WORLD HEADLINES – A gradual return of risk appetite lifted world shares on Tuesday, while there were milestones aplenty as sterling hit a post-Brexit high and U.S. sanctions on Russia drove aluminum prices to a 7-year peak.

STOCKS – U.S. equity futures advanced alongside stocks in Europe as investors switched their focus to earnings season following the market turmoil of recent weeks.

BONDS – The yield on 10-year Treasuries rose one basis point to 2.84 percent, the highest in more than three weeks.

COMMODITIES – Copper declined 1.2 percent to $3.06 a pound, the lowest in almost two weeks. Gold dipped 0.3 percent to $1,342.46 an ounce.

CURRENCIES – Foreign currencies traded mostly sideways during the overnight trading session.

ECONOMIC DATA – US Building Permits and CAD Manufacturing Sales due at 8:30, Industrial Production m/m and FOMC Member Williams Speaks at 9:15, FOMC Member Quarles Speaks at 10:00 ET.

 

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