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STOCKS - MSCI’s index of global equities rose 0.2 percent to a two-week high while emerging stocks too firmed for a second day, led by a one percent jump in Shanghai markets. BONDS - Government bonds from the United States and Germany, typically instruments that benefit from political or economic turmoil, saw yields race to multi-week highs. U.S. 10-year yields stayed firmly above the key 3 percent mark. COMMODITIES - Oil steadied on Wednesday, as concerns that producers may fail to cover a shortfall in supply once U.S. sanctions on Iran come into force outweighed an increase in U.S. inventories. CURRENCIES - The dollar continued to lose ground, slipping 0.3 percent to stay near seven-week lows against a basket of currencies ECONOMIC DATA - US Building Permits and Housing Starts due at 8:30 ET, ECB President Draghi Speaks at 9:00, Crude Oil Inventories at 10:30 ET.
COMMODITY FUTURES, OPTIONS, AND FOREX TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
