PreMarket Trading: When Fed Chair Yellen Speaks…

PreMarket Trading: When Fed Chair Yellen Speaks…

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

WORLD HEADLINES – When Fed Chair Yellen speaks, the world listens. Caution prevailed in financial markets before a speech by Federal Reserve Chair Janet Yellen, with the dollar paring a weekly advance, while European stocks and U.S. futures fluctuated.

STOCKS – S&P 500 Index futures were little changed after U.S. equities slipped 0.1 percent on Thursday.

BONDS – U.S. Treasuries due in a decade rose, pushing their yield down by one basis point to 1.56 percent. The two-year yield also fell by one basis point to 0.78 percent, after climbing three basis points in the last session.

COMMODITIES – Gold advanced 0.3 percent, paring its biggest weekly decline in more than a month, having fallen this week as speculation built that the U.S. will boost interest rates this year.

CURRENCIES – The greenback slid against most of its major peers as investors looked towards Yellen’s address in Jackson Hole, Wyoming, for indications of the U.S. interest-rate outlook.

ECONOMIC DATA – US Prelim GDP q/q due at 8:30, Revised UoM Consumer Sentiment and Fed Chair Yellen Speaks at 10:00 ET.


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