You are currently viewing Pre-Market Trading: China Rattles Markets

Pre-Market Trading: China Rattles Markets

UPDATED 6:15 am ET

STOCKS – China devalued the yuan by the most in two decades, a move that rippled through global markets as policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy. European shares fell led lower by car makers and luxury goods companies, whose products just got more expensive for Chinese consumers. This followed falls in the US stock futures ahead of the Wall Street opening bell.

BONDS – Weaker stocks lifted top-rated bonds, with yields on euro zone debt also driven lower by the Greek deal, nine days before Athens is due to repay 3.2 billion euros to the European Central Bank.

COMMODITIES – A stronger US dollar hit commodity prices, driving crude oil down after Monday’s hefty gains.

CURRENCIES – China’s surprise 2 percent devaluation of the yuan on Tuesday pushed the dollar higher and raised the prospect of a new round of currency wars.The Australian dollar often used as a liquid proxy for the yuan sold off the most.

ECONOMIC DATA -US Prelim Unit Labor Costs q/q due at 8:30, JPY Monetary Policy Meeting Minutes at 19:50 ET.


Don’t trade alone, join a group of quant traders in a live trading room.

The Trading Room® TradeLAB live sessions conducted online by the RiosQuant team offer a pragmatic, real world perspective of trading the global markets in real time for the active trader. Trading begins at 8:00 am and ends at 11:00 am ET Monday thruFriday.    

Access is simple, here is how to get started with a two week free trial…

Step 1: Click on the following link and register as a guest.
Step 2: You’ll instantly have access to our live trading room, videos, user guides and quantitative rankings covering multiple asset classes including the financials, metals, energies, grains and forex.
Step 3: To access The Trading Room® TradeLAB simply click on the gotowebinar link under The Trading Room. Once you register on the gotowebinar link you will receive daily access links directly from gotowebinar. The link is good for one week, you will need to repeat the process for your second week on the following Monday.  Pre-market analysis and live trading begins Monday thru Friday from 8:00 am to 11:00 am ET.
It’s really that simple!