World Headlines 2018-11-26

RQ Cross Box: 2018-11-26

WORLD HEADLINES - European stocks, Italian bonds and the euro rallied on Monday on signs that Rome was preparing to rework the spending plans that have left it facing formal European Union disciplinary action. STOCKS - Wall Street stock futures firmed up after another negative session on Friday had seen the S&P 500 record its lowest close in six months, more than 10 percent down from September’s peaks, and pushed it back in ‘correction’ territory. BONDS - Treasuries retreated from last week's highs as risk-on flows dominated the overnight trading session. COMMODITIES - Gold rose as fears of a slowdown in global economic growth and uncertainty surrounding the U.S. interest rate trajectory and U.S. China trade tensions bolstered the metal’s appeal ahead of a G20 meeting at the end of the week. CURRENCIES - The euro climbed, rising 0.3 percent to $1.1376 and was up 0.7 percent at 128.90 yen, though it flinched briefly when Germany's monthly Ifo survey showed a larger-than-expected drop in business morale. ECONOMIC DATA - ECB President Draghi Speaks at 9:00 ET.

World Headlines 2018-11-26

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