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WORLD HEADLINES: British Pound Dropped

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Pre-market activity and scheduled economic data that may have an impact on
the global financial markets. 

  

WORLD HEADLINES – The British pound dropped as British Prime Minister Theresa May found herself under renewed pressure just as Brexit talks enter a crucial phase. European stocks fell, tracking many Asian shares, while the region’s bonds advanced.

STOCKS – Futures on the S&P 500 Index declined to the lowest in more than a week.

BONDS – The yield on 10-year Treasuries declined two basis points to 2.37 percent, the largest drop in more than a week.

COMMODITIES – Gold advanced while West Texas Intermediate crude declined to the lowest in more than a week.

CURRENCIES – Sterling retreated against all its main G-10 peers following a report that as many as 40 Conservative lawmakers have agreed to sign a letter of no confidence in May, eight short of the number required to trigger a leadership challenge.

ECONOMIC DATA – BOJ Gov Kuroda Speaks at 12:45, CNY Industrial Production y/y at 21:00 ET.

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