Pre-Market Trading: Stocks, Bonds, Commodities and Currencies

UPDATED 6:30 am ET

STOCKS – Global financial markets rallied on Friday on hopes that last-minute concessions by Greek Prime Minister Alexis Tsipras would clinch a deal with the country’s international creditors and save it from bankruptcy.Chinese stocks were also buoyed by a raft of support measures from Beijing that appeared to calm investors.US stock futures pointing to a higher open.

BONDS – Bonds consolidating after the sell-off after Greek government said it would use the loan from the European Stability Mechanism to cover debt repayments between 2015 and 2018.

COMMODITIES – Oil prices may fall further as the world remains “massively oversupplied,” before markets tighten in 2016 when output growth outside OPEC grinds to a halt, according to the International Energy Agency.

CURRENCIES – Euro traded higher across the board during the overnight trading session.

ECONOMIC DATA – CAD Employment Change due at 8:30, Crop Production due at 12:00, World Agriculture Production at 12:30, Fed Chair Yellen Speaks at 12:30 ET.