World Headlines 2016-06-07

RQ Cross Box: 2016-06-07

WORLD HEADLINES - Global stocks hit their highest in five weeks on Tuesday as a dovish tone from Janet Yellen cooled near-term U.S. rate hike bets and a seven-month peak in crude prices cheered oil firms. STOCKS - European stocks were up 1 percent in early trading after Wall Street's S&P 500 had hit a seven-month high on Monday and Asia gained 1.5 percent overnight. US stock futures pointing to a higher Wall Street open. BONDS - European bonds barely moved in early trading with German Bunds already near all-time lows thanks to the European Central Bank's unprecedented stimulus efforts. COMMODITIES - U.S. West Texas Intermediate (WTI) crude stood firm, after rising 2.2 percent on Monday, its largest gain in three weeks. CURRENCIES - In the FX markets, Yellen's comments also kept the dollar pinned near a one-month low against other top currencies. The Australian dollar jumped after the Reserve Bank of Australia appeared to raise the bar for further rate cuts. Sterling also climbed as jostling continued over the UK's June 23 vote. ECONOMIC DATA - US Revised Nonfarm Productivity q/q due at 8:30, CAD Ivey PMI at 10:00, JPY Final GDP q/q at 19:50, CNY Trade Balance (tentative).

World Headlines 2016-06-07

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