RiosQuant – Overnight Trading Action in the Global Markets


>> STOCKS – European stocks were little changed, following a four-day decline, as investors awaited the latest interest-rate decision from the European Central Bank. U.S. index futures fluctuated, while Asian shares fell.

>> BONDS – Treasuries were near the cheapest since September on speculation a U.S. employment report tomorrow will show growth in the labor market, while investors prepared to bid at note and bond auctions next week.

>> COMMODITIES – Crude Oil rose for a fifth day after gaining 1.2 percent yesterday, the longest rising streak since August.

>> CURRENCIES – The Japanese Yen strengthened for a third day against the dollar and the euro as Asian equities fell, boosting demand for the currency.

>> ECONOMIC DATA – EUR Minimum Bid Rate due at 7:45, ECB Press Conference, US Prelim GDP, US Unemployment Claims and CAD Building Permits at 8:30, CAD Ivey PMI at 10:00, Natural Gas Storage at 10:30 ET.