UPDATED 6:45 am ET
STOCKS – Global stocks fell on Tuesday, with European markets buckling under heavy selling pressure carried over from Asia after Chinese shares slumped 6 percent.
BONDS – Markets are still not fully convinced the Fed will raise rates in September, but most investors are betting a rate hike will occur by the end of year. The U.S. 10-year yield was 1 basis point lower on Tuesday at 2.14 percent.
COMMODITIES – U.S. crude futures fell 0.8 percent to $41.49, within 15 cents of making a new six and a half year low. Copper futures fell 1.9 percent to $5,020.0 per tonne, a fresh six-year low.
CURRENCIES – Major currency markets were more stable, with the euro little changed at $1.1085 and the dollar steady against the yen at 124.30 yen.
ECONOMIC DATA – US Building Permits due at 8:30, NZD GDT Price Index (tentative), NZD PPI Input at 18:45, JPY Trade Balance at 19:50 ET.