North American Morning Briefing : U.S. Futures Decline; Investors Await Fresh Data

OPENING CALL U.S. stock futures fell Wednesday after Tuesday’s session saw shares dragged by JPMorgan Chase results. The prospect of fresh geopolitical tensions continued to loom over markets and investors sought safe-haven assets driving precious metals to new records. It comes amidst continued concern regarding the independence of the Federal Reserve. Metzler Asset Management argues the reaction of the bond market will be key in determining whether Trump continues putting further pressure on the Fed. “Movements in gold or the dollar won’t stop Trump. The only real limiting factor would be a nervous bond market,” it said, adding that as…