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Pre-Market: Gold Rally

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

WORLD HEADLINES – Stocks in Europe dropped as investors await the outcome of the last European Central Bank meeting of the year. The dollar halted a decline sparked by the Federal Reserve’s unchanged outlook for rate increases in 2018.

STOCKS – The Stoxx Europe 600 Index declined 0.3 percent as of 11:23 a.m. London time, the biggest drop in almost two weeks.

BONDS – The yield on 10-year Treasuries climbed three basis points to 2.37 percent, the biggest increase in more than two weeks.

COMMODITIES – Gold rose less than 0.05 percent to $1,255.89 an ounce, the highest in more than a week.

CURRENCIES – The euro was unchanged following yesterday’s strong rally in response to the FOMC statement.

ECONOMIC DATA – BOE Monetary Policy Summary due at 7:00, EUR Minimum Bid Rate at 7:45, ECB ECB Press Conference and US Retail Sales m/m at 8:30, BOC Gov Poloz Speaks at 12:25 ET.

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