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Pre-Market Trading – ECB Monetary Policy Meeting

The Trading Room

UPDATED 6:50 am ET

STOCKS –  Caution was the byword on Thursday, with futures flat after a losing session for Wall Street, with investors eyeing a crop of data as they wait for non-farm payrolls at the end of the week.
 
BONDS – Investors are waiting details of the European Central Bank’s debt-purchase program later this morning.
 
COMMODITIES – Crude Oil prices moved higher and Gold was marginally lower.
 
CURRENCIES –  The euro continued to hit fresh 11 year lows  ahead of the ECB’s monetary policy meeting and news conference from ECB President Mario Draghi.
ECONOMIC DATA – GBP Official Bank Rate due at 7:00, EUR Minimum Bid Rate at 7:45, ECB Press Conference and US Unemployment Claims at 8:30, Crops Weekly Export Sales also at 8:30, CAD Ivey PMI, US Factory Orders m/m  and FOMC Member Williams Speaks at 10:00 ET.
 
 
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