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Pre-Market Trading Report – Crude Oil Climbs

UPDATED 6:40 am ET

STOCKS – The Stoxx Europe 600 Index jumped 1.1 %  in London and S&P 500 Index futures added 0.1% after the Greek government retreated from its call for a debt writedown.
BONDS –  US Ten Yr Treasury Note futures traded lower after failing to breakout of recent highs.
COMMODITIES – Oil futures rose, adding to gains of more than 11 percent in the prior two sessions as BP announced a cut in capital expenditure for 2015.
CURRENCIES –  The Australian and New Zealand dollars weakened further in early trade in Europe  after a sell-off following the Reserve Bank of Australia’s surprise decision to cut interest rates.

ECONOMIC DATA –  US Factory Orders m/m due at 10:00, NZD Unemployment Rate at 16:45, RBNZ Gov Wheeler Speaks at 18:00, CNY HSBC Services PMI at 18:45 ET.