Pre-market trading activity and scheduled economic data that may have an impact on the global financial markets.
STOCKS – Corporate earnings are heading for a fifth straight quarter of declines, dragged down mostly by energy companies’ struggles with low oil prices and a tepid global economy that threatens to throttle sales growth in many industries.
BONDS – Traders peeled back bets on a U.S. rate hike this year after data Friday showed annualized gross domestic product rose 1.2 percent last quarter, less than half the 2.5 percent projected by economists.
COMMODITIES – Oil fell on Monday morning, reversing earlier gains, as increases in OPEC production and U.S. oil rig additions continued to weigh on the market.
CURRENCIES – The British pound traded lower while the US dollar was flat during the overnight trading session.
ECONOMIC DATA – US Final Manufacturing PMI at 9:45, ISM Manufacturing PMI at 10:00, AUD Trade Balance at 21:30, NZD Inflation Expectations q/q at 23:00 ET.
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