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Pre-Market Trading

The Trading Room

UPDATED 6:15 am ET

STOCKS – In see-saw trading European shares were down, having opened even lower then snapping back on Draghi’s comments.U.S. stock futures pointed to a lower open on Wall Street.

BONDS – German and other European yields fell on the back of Draghi’s remarks, which trumped ECB executive board member Benoit Coeure’s more cautious comments earlier that the debate on more stimulus next month was still open.

COMMODITIES – Copper and Crude oil traded lower during the overnight trading session. Crude oil inventories data due later this morning.

CURRENCIES – The euro fell more than half a cent and hit a three-month low against sterling, the single currency had recovered a good chunk of these losses.

ECONOMIC DATA – US Unemployment Claims due at 8:30, Fed Chair Yellen Speaks at 9:30, JOLTS Job Opening at 10:00, FOMC Member Evans Speaks at 10:15, Crude Oil Inventories at 11:00, GBP MPC Member Haldane Speaks at 12:00, FOMC Member Dudley Speaks at 12:15 ET.

 
 
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