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PreMarket: Trade Crude Oil Data

WORLD HEADLINES – A rise in Deutsche Bank shares helped push European stocks higher on Wednesday, easing concerns over Germany’s financial sector that had hit equities in Asia and drove investors into safe-haven government bonds and the dollar.

STOCKS – S&P 500 Index futures slipped less than 0.2 percent, after U.S. equities climbed on Tuesday. Investors will look to data on durable goods orders for indications of the health of the world’s biggest economy.

BONDS – Fed Chair Yellen will address lawmakers on Wednesday and the lineup of Fed officials due to make speeches includes Loretta Mester and Esther George, both of whom voted in favor of an interest-rate increase at last week’s policy review.

COMMODITIES – Crude oil climbed before a meeting of major producers in Algiers. Gold declined 0.2 percent following a 0.8 percent drop in the last session that marked its steepest slide this month.

CURRENCIES – New Zealand’s dollar weakened 0.7 percent versus the greenback, the biggest loss among 16 major currencies.

ECONOMIC DATA – US Core Durable Goods Orders m/m due at 8:30, Fed Chair Yellen Testifies at 10:00, ECB President Draghi Speaks at 10:30, Crude Oil Inventories at 10:30, FOMC Member George Speaks at 19:15 ET.

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