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World Headlines – Gold Futures Rally

Pre-market activity and scheduled economic data that may have an impact on the global financial markets. Live trading room access link.
Posted  6:00 am ET

WORLD HEADLINES – European stocks drifted lower for the first time in three days as gains for mining and energy shares struggled to offset a broader mood of caution. Gold was poised to snap its six-day losing streak amid a wider commodity bounce.

STOCKS – Futures on the S&P 500 slipped after the underlying gauge rose on Wednesday to an all-time high.

BONDS – The yield on 10-year Treasury notes fell one basis point to 2.40 percent after rising for the past three sessions.

COMMODITIES – Oil rose after posting the biggest advance this year on Wednesday as U.S. crude stockpiles fell by more than twice what had been forecast. Gold rose in London, following the longest losing streak since October.

CURRENCIES – Foreign currencies traded sideways during the overnight trading session.

ECONOMIC DATA – GBP Monetary Policy Summary due at 7:00, US PPI and Unemployment Claims at 8:30, Natural Gas Storage at 10:30 ET.

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