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Pre-market activity and scheduled economic data that may have an impact on the global financial markets.
What’s Next in the Markets?
STOCKS – The Shanghai Composite Index slipped 0.8 percent, dropping from a one-month high. The Stoxx Europe 600 Index lost 0.5 percent, paring losses of as much as 1.1 percent. S&P 500 futures traded slightly lower during the overnight trading session.
BONDS – Europe’s higher-yielding sovereign bonds underperformed their German counterparts as evidence that the region’s economy is still in the doldrums piled up.
COMMODITIES – Gold rose for the first time in three days after the People’s Bank of China reduced the reference rate by more than some analysts forecast.
CURRENCIES – The pound dropped 0.3 percent while the euro slid 0.2 percent, the
U.K.’s potential exit may damage trade and encourage other members to renegotiate their relationship with the EU.
ECONOMIC DATA – SNB Chairman Jordan Speaks at 6:15, US CB Consumer at10:00, MPC Member Haldane Speaks at 12:00 ET.
– RiosQuant Team