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STOCKS – A quiet Friday is shaping up early. Futures on the Dow and the S&P are leaning higher, indicating the Dow could march into record territory when it opens later today. Asia fared decently, with the Hang Seng closing up 2% after speculation the Shenzhen-Hong Kong Stock Connect could be announced as soon as this weekend. Europe is extending its Draghi-fueled gains.
BONDS – ECB President Mario Draghi himself has said his stimulus programme is “flexible”- that ECB bund buying can stop or reduce anytime.
COMMODITIES – Crude Oil and Gold sold-off during the overnight trading session as the US Dollar strengthened.
CURRENCIES – The euro pared gains against the dollar in late trade Thursday, sparking a stock rally led by Germany’s DAX index, which is packed with exporters.
ECONOMIC DATA – CAD Manufacturing Sales m/m and US Empire State Manufacturing Index due at 8:30, Industrial Production m/m at 9:15, Prelim UoM Consumer Sentiment at 10:00 ET.