Trade Correlations: Live Trading Room

WORLD HEADLINES – Global stocks dipped worldwide towards three-week lows on Wednesday as a dour start to the U.S. earnings season weighed on sentiment, while Britain’s battered currency rose for the first time in five days.

STOCKS – S&P 500 Index futures were little changed, after falling Tuesday to an almost four-week low as an early batch of disappointing corporate results including those from Alcoa Inc. damped optimism over a rebound in earnings.

BONDS – U.S. interest rate futures are pricing in about a 75-percent chance of a rate hike by December, little changed over the past couple of days.

COMMODITIES –  Gold for immediate delivery gained following a 0.5 percent drop last session, its ninth decline in 12 days.

CURRENCIES – Sterling rose more than 1 percent versus the dollar and euro after British Prime Minister Theresa May offered to give lawmakers some scrutiny of the process of leaving the European Union.

ECONOMIC DATA –  FOMC Member Dudley Speaks at 8:00, FOMC Member George Speaks at 9:40, JOLTS Job Openings at 10:00, 10-y Bond Auction at 13:01, FOMC Meeting Minutes at 14:00, CNY (Tentative) ET.

The Trading Room® TradeLAB live sessions conducted online by the RiosQuant team offer a pragmatic, real world perspective of trading the global markets in real time for the active trader. Trading begins at 8:00 am and ends at 11:00 am ET Monday thruFriday.    

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