UPDATED 7:00 am ET
STOCKS – European stocks fell the most in four weeks as escalating violence in Iraq threatened oil supplies, and U.K. property companies slid after Britain promised new measures to restrict mortgage lending. U.S. index futures and Asian shares were little changed.
BONDS – The Treasury yield curve approached its flattest level in almost five years as investors speculated the Federal Reserve may raise interest rates sooner than forecast.
COMMODITIES – West Texas Intermediate crude headed for the biggest weekly advance since December and Brent gained as escalating violence in Iraq threatened supplies from OPEC’s second-largest oil producer.
CURRENCIES – The pound reached the strongest level in 19 months against the euro after Bank of England Governor Mark Carney said the institution may raise interest rates from a record low earlier than investors expected.
ECONOMIC DATA – US PPI m/m and CAD Manufacturing Sales m/m due at 8:30, Prelim UoM Consumer Sentiment at 9:55 ET.
