RiosQuant – Overnight Trading Action in the Global Financial Markets


STOCKS – European stocks rose for a second day as investors awaited the European Central Bank’s rate decision and companies including Daimler AG and Volvo AB beat earnings forecasts. U.S. stock-index futures and Asian shares advanced.

BONDS – Treasuries fell for a third day before government reports today and tomorrow that economists said will show the job market is improving, reducing demand for the safest assets.

COMMODITIES – Gold traded little changed below the highest in more than a week in London as investors weighed the outlook for U.S. stimulus amid concern economic growth may slow.

CURRENCIES – The euro was 0.4 percent from an 11- week low versus the dollar on bets that slowing inflation will prompt the European Central Bank to reinforce its dovish stance when announcing an interest-rate decision today.

ECONOMIC DATA – GBP Official Bank Rate due at 7:00, EUR Minimum Bid Rate at 7:45, ECB Press Conference at 8:30, Cad Trade Balance at 8:30, US Trade Balance and Unemployment Claims due at 8:30, CAD Ivey PMI at 10:00, Natural Gas Storage 10:30, AUD RBA Monetary Policy Statement at 19:30 ET.