The Trading Room® LIVE ROOM ACCESS BLOG ACCESS
Pre-market activity and scheduled economic data that may have an impact on
the global financial markets.
WORLD HEADLINES – The euro extended a slide and stocks drifted lower as Spain’s hard-line response to the Catalonian secession threat fueled concern the crisis may intensify. The dollar gained amid speculation the next Federal Reserve chairman will be more hawkish, while Treasuries edged lower.
STOCKS – US stock futures traded sideways ahead of the Wall Street opening bell.
BONDS – Treasuries slid as John Taylor, a candidate for Fed chairman who is known for a policy rule that would suggest higher interest rates, was said to have impressed President Donald Trump in an interview last week.
COMMODITIES – West Texas Intermediate crude climbed 0.5 percent, the highest in almost three weeks and gold dipped 0.5 percent, the weakest in a week.
CURRENCIES – The euro declined 0.2 percent, the weakest in more than a week while the British pound gained 0.2 percent.
ECONOMIC DATA – US Import Prices m/m due at 8:30, Industrial Production m/m at 9:15, FOMC Member Harker Speaks at 13:00 ET.