UPDATED 7:00 am ET
STOCKS – European stocks dropped, paring a weekly gain, as investors awaited a speech by Federal Reserve Chair Janet Yellen for clues about the interest-rate outlook. U.S. index futures also fell, while Asian shares rose.
BONDS – Treasuries headed for their biggest weekly decline in seven weeks amid speculation U.S. economic growth is strong enough to allow the Federal Reserve to raise interest rates next year.
COMMODITIES – West Texas Intermediate crude headed for a fifth weekly decline, the longest falling streak in nine months.
CURRENCIES – The dollar headed for its biggest weekly gain versus the euro since January before Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi speak today in Jackson Hole, Wyoming.
ECONOMIC DATA – CAD Core CPI m/m and Core Retail Sales m/m at 8:30, Fed Chair Yellen Speaks at 10:00, ECB President Draghi Speaks at 14:30 ET.