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Markets Mixed as Trade Worries Linger

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WORLD HEADLINES – Markets had plenty coming up including the read-out from the ECB’s most recent meeting, but in Asian and early European trading it was U.S. plans to launch a probe into auto imports that drove the biggest moves.

STOCKS – European stocks climbed and U.S. futures were steady as a dose of calm returned to markets on Thursday, though concerns surrounding global trade were not far away.

BONDS – The yield on 10-year Treasuries edged back above 3 percent during the overnight trading session.

COMMODITIES – U.S. crude was down 0.2 percent at $71.68 a barrel. Oil prices fell on Wednesday after an unexpected rise in U.S. crude and gasoline inventories.

CURRENCIES – The dollar dipped after Federal Reserve meeting minutes on Wednesday had indicated its policymakers weren’t looking to raise U.S. interest rates too fast, though another rise will be warranted “soon” if the economy stays on track.

ECONOMIC DATA – ECB Monetary Policy Meeting Accounts due at 7:30,  Unemployment Claims at 8:30,  Existing Home Sales at 10:00,  Natural Gas Storage at 10:30,  FOMC Member Bostic Speaks at 10:35 ET.

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