World Headlines: Crude Oil Data

WORLD HEADLINES – Global stocks made their first gain in five days on Wednesday as the dollar steadied from turbulence after the Trump administration accused Germany, Japan and China of devaluing their currencies to gain a trade advantage.

STOCKS – European stocks climbed with S&P 500 Index futures after companies including Apple Inc., Siemens AG and Volvo AB posted results that exceeded expectations, along with optimistic forecasts for the year ahead.

BONDS – The yield on the 10-year U.S. Treasury note added two basis points to 2.47 percent. It fell four basis points on Tuesday.

COMMODITIES – Oil was restrained by ongoing high supplies despite an OPEC-led production cut which Russia is set to also join. Prices remained within a narrow trading band.

CURRENCIES – The British pound was the biggest gainer among Group of 10 nation currencies, advancing 0.3 percent; U.K. manufacturing PMI for January was in line with estimates, hovering near a 2 1/2-year high.

ECONOMIC DATA – US ADP Non-Farm Employment Change due at 8:15, EU Economic Forecasts (tentative), ISM Manufacturing PMI at 10:00, Crude Oil Inventories at 10:30, FOMC Statement at 14:00 ET.