By Ed Ballard
U.S. stock futures are slipping as investors await comments by Fed Chairman Kevin Warsh that will be closely parsed for clues about the path of interest rates.
U.S. Treasury yields are little changed after rising yesterday on strong job-opening numbers that supported the case for rate hikes.
Warsh is scheduled to take part in a panel discussion at 9 a.m. ET with the heads of the ECB, the Bank of England and the Bank of Canada at an ECB conference in Sintra, Portugal.
Oil prices are little changed, with Brent crude futures trading just under $73 a barrel. President Trump has told aides that he is OK with negotiations with Tehran continuing past an Aug. 18 deadline, my colleagues report, bolstering hopes that hostilities in the Middle East won't flare up again.
In recent trading:
- Gold slipped back below $4,000 a troy ounce, weighed down by the prospect of higher interest rates.
- Traders are on high alert for an intervention in the Japanese yen, which hit a fresh 40-year low against the dollar.
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