You are currently viewing Pre-Market Trading – Copper Sell-off

Pre-Market Trading – Copper Sell-off

UPDATED 6:40 am ET

STOCKS – Japanese stocks fell for a second day as the yen traded at a four-week high against the dollar. European stocks fell from a five-week high. U.S. stock-index futures resumed declines, as a deepening commodities rout triggered a selloff in risk assets.
BONDS – Treasuries rose, pushing 30-year yields toward a record low and sending 10-year yields to the least since May 2013, as falling commodity prices cut the outlook for inflation.
COMMODITIES – Copper tumbled the most in almost six years as the metal followed oil lower amid a collapse in commodities.
CURRENCIES – The yen rose to its strongest level in four weeks against the dollar.

ECONOMIC DATA –  US  Retail Sales m/m due at 8:30, BOE Gov Carney Speaks at 9:15, Business Inventories m/m at 10:00, Crude Oil Inventories at 20:30, 30-y Bond Auction at 13:01, Employment Change at 19:30 ET.