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Overnight Trading: Gold Gains

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

  

WORLD HEADLINES – Politics remained the dominant theme in the markets as Spanish stocks declined and the euro rose before a pivotal meeting of Catalan’s regional parliament. The dollar weakened on concerns over U.S. tax reform and sterling rose as U.K. Prime Minister Theresa May won support for her Brexit stance.

STOCKS – S&P 500 futures consolidated following yesterday’s pull back. DJIA futures outperformed, testing yesterday’s highs.

BONDS – The yield on 10-year Treasuries dipped one basis point to 2.35 percent. Germany’s 10-year yield climbed less than one basis point to 0.45 percent.

COMMODITIES – Medals traded higher with gold gaining 1.0 percent, the highest in two weeks. Copper climbed 0.3 percent.

CURRENCIES – The dollar weakened against most major currencies as Trump’s feud with Senator Bob Corker clouded the outlook for his much-heralded tax reform.

ECONOMIC DATA – Eurogroup Meetings (all day), CAD Building Permits m/m due at8:30, FOMC Member Kashkari Speaks at 10:00, FOMC Member Kaplan Speaks at 20:00 ET.

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COMMODITY FUTURES, OPTIONS, AND FOREX TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.