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WORLD HEADLINES – The fight between Goldilocks bets – on the not too hot, not too cold global economy – and market bears who have delivered some hefty blows in recent weeks, continued on Tuesday with little sign yet of a clear winner.
STOCKS – S&P 500 futures pointed to a retreat in U.S. stocks at the market open after two days of gains. Japan’s equities erased an earlier advance as the yen rallied to the strongest since Nov. 2016.
BONDS – The 10-year Treasury note yield which moves inverse to its price fell back under 2.83 percent in Europe trading after rising to a four-year peak of 2.902 percent on Monday.
COMMODITIES – Copper, one of industrial metals seen as a sensitive gauge of global economic health, climbed over 1.3 percent, while Asia’s overnight gains kept MSCI’s 47-country world stocks index up 0.2 percent despite Europe’s subdued start.
CURRENCIES – The dollar’s index against a basket of six major currencies fell over 0.4 percent as the bears returned. Last week had been the greenback’s best since 2016.
ECONOMIC DATA – FOMC Member Mester Speaks at 8:00, NZD Inflation Expectations q/q at 21:00 ET.
