What's coming up in North American trading
The economic calendar has a highlights today but it's probably going to be all about the trade headlines once again.
At the bottom of the hour, there are two US reports. The Q2 current account is expected to show a $103.4B deficit, better than $124.1B previously. At the same time, housing starts are expected to rebound 5.7% to 1238K from 1168K.
At 1300 GMT (9 am ET), the ECB's Draghi will have a chance to tweak last week's message at a speech in Berlin.
US weekly oil inventories are also due out. The API numbers showed a surprise build in crude.
Meanwhile, the mania in marijuana stocks has reached epic proportions. Tilray and its 243 employees is now worth more than C$26 billion with another 40% gain in the pre-market. It's now the 31st largest Canadian company, narrowly behind a national telecom company and ahead of a national grocery store chain and Barrick gold, which is the world's biggest precious metals miner. It's 45% bigger than Molson-Coors.
Here's the corporate HQ:
